The Board
The FSA is governed by a Board appointed by the Treasury.
The majority of the Board members are non-executive. In addition to the Chairman and Chief Executive, there are currently two Managing Directors and ten non-executive members of the Board, of whom one, the Deputy Governor (Financial Stability) of the Bank of England, is an ex officio director. One of the non-executive members is Deputy Chairman and ‘lead’ non-executive. The non-executive directors check that we operate efficiently and economically, oversee our mechanisms of financial control and set the pay of the executive members of the Board.
FSA board members as at Monday 2nd November 2009:
Chairman
Adair, Lord Turner
Adair Turner was appointed FSA Chairman in September 2008. He has combined careers in business, public policy and academia.
Chief Executive, FSA
Hector Sants
Hector Sants was appointed FSA Chief Executive in July 2007. He joined the FSA in May 2004 as Managing Director, Wholesale and Institutional Markets at the Financial Services Authority. Hector had responsibility for all regulated markets, the related infrastructure such as clearing and settlement, the operation of the UK Listing rules and regulation of firms or groups which conduct primarily wholesale or institutional market business between professionals.
Other board members
Sally Dewar- Managing Director, Risk, FSA
Sally Dewar was appointed Managing Director for Wholesale Markets in January 2008. She joined the London Stock Exchange's Listing Authority in 1998 and from 2002 to 2005 was the Head of Primary Markets in the Markets Division of the FSA before becoming Director in October 2005.
Carolyn Fairbairn - Non-executive FSA Board member
Carolyn Fairbairn joined the FSA Board in December 2007. She is the Director of Group Development and Strategy at ITV plc. Carolyn is chair of Freesat and Friends Reunited, deputy chair of the Royal Television Society, and also a non-executive director of Digital UK, the organisation leading the UK's switch to Digital TV.
Carolyn Fairbairn's full biography
Peter Fisher - Non-executive FSA Board member
Peter R. Fisher, Vice Chairman of BlackRock, is Head of BlackRock's Fixed Income Portfolio Management globally. He was Co-Head of Fixed Income from 2007 through 2009. Mr. Fisher is a member of BlackRock's Operating and Leadership Committees and its Government Relations Steering Committee.
Brian Flanagan - Non-executive FSA Board member
Brian Flanagan joined the FSA Board in January 2007. He is a non-executive director of Wm Morrison Supermarkets plc and advisor to Jet Environmental Ltd. He was formerly a Vice President of Mars Inc.
Brian Flanagan's full biography
Karin Forseke - Non-executive FSA Board member
Karin Forseke joined the FSA Board in December 2004. She was Chief Executive Officer of Carnegie Investment Bank AB from 2003 until March 2006.
Karin Forseke's full biography
Mick McAteer - Non-executive FSA Board member
Mick McAteer is founder and Director of The Financial Inclusion Centre. He has over 20 years experience in financial services.
Jon Pain - Managing Director, Supervision, FSA
Jon Pain joined the FSA in September 2008 as Managing Director (MD) of the Retail Markets Business Unit and became the MD of Supervision in October 2009. Jon has overall responsibility for the supervision of all relationship-managed and small firms. In addition, the business unit also provides advice and guidance on regulatory matters to both regulated firms and consumers who contact the FSA. He also has overall responsibility for the approval of firms and regulated individuals.
Brian Pomeroy - Non-executive FSA Board member
Brian Pomeroy CBE was the Senior Partner of Deloitte Consulting until 1999 when he took up a number of public, private and voluntary sector appointments.
Brian Pomeroy's full biography
Andrew Scott - Non-executive FSA Board member
Andrew Scott is Professor of Economics at London Business School, a Fellow of the Centre for Economic Policy Research and Scientific Chair of the Euro Area Business Cycle Network.
Hugh Stevenson - Deputy Chairman, the FSA
Hugh Stevenson joined the FSA Board in June 2004. He is Chairman of The Merchants Trust Plc. He is also Chairman of FSA Pension Plan Trustee Ltd and Trustee of a number of charitable trusts.
Hugh Stevenson's full biography
James Strachan - Non-executive FSA Board member
James Strachan is a non-executive director of Legal and General Group plc, Care UK plc, JPMorgan Asian Investment Trust plc, Welsh Water Limited, Sarasin and Partners LLP and Social Finance.
James Strachan's full biography
Paul Tucker - Non-executive FSA Board member
Paul Tucker joined the FSA Board in March having become the Deputy Governor, Financial Stability of the Bank of England. He is a member of the Bank's Monetary Policy Committee and in addition has specific responsibility for the Bank's work on financial stability.
