FSA appoints new Director of Retail Firms Division
John Tiner
I am delighted to welcome Sheila to the FSA. 
FSA/PN/073/2007
20 June 2007
The Financial Services Authority (FSA) has appointed Sheila Nicoll, currently Deputy Chief Executive of the Investment Management Association (IMA), as its new Director of the Retail Firms Division.
Sheila, who will take up her post in September, has extensive experience in the financial industry and before the IMA worked as the Head of International Relations for the London Stock Exchange.
FSA Chief Executive John Tiner said:
"I am delighted to welcome Sheila to the FSA. Her experience in working closely with the industry and policymakers, her enthusiasm for making principles-based regulation work, and her communication skills will make her a great asset to the FSA."
The Retail Firms Division supervises a range of firms including life insurance, general insurance and groups of intermediaries. In her new role Sheila will report to Clive Briault, Managing Director of the Retail Markets Business Unit.
Sheila succeeds Sarah Wilson, who is now working on a part-time basis leading the FSA's insurance sector team and as Director of the Treating Customers Fairly initiative.
Notes for editors
- The FSA regulates the financial services industry and has four objectives under the Financial Services and Markets Act 2000: maintaining market confidence; promoting public understanding of the financial system; securing the appropriate degree of protection for consumers; and fighting financial crime.
- The FSA aims to promote efficient, orderly and fair markets, help retail consumers achieve a fair deal and improve its business capability and effectiveness.