The Financial Conduct Authority (FCA) has announced that it has made senior appointments to help drive its transformation programme to build a data-led regulator able to make fast and effective decisions.

The FCA announced a restructure in December. This brought together two supervision divisions with the FCA’s policy and competition functions. Following rigorous and wide-ranging recruitment processes, Nikhil Rathi, Chief Executive of the FCA since October, has now made four further appointments to the FCA’s executive team:

  • Stephanie Cohen will be the FCA’s Chief Operating Officer (COO).
  • Jessica Rusu will join the FCA’s as its first Chief Data, Information and Intelligence Officer (CDIIO).
  • Sarah Pritchard will become Executive Director, Markets.
  • Emily Shepperd will take up the newly created role of Executive Director, Authorisations.

The FCA has also appointed Clare Cole as Director of Market Oversight and as part of that role she will lead the FCA’s response to Lord Hill’s forthcoming Listings Review.

Nikhil Rathi, Chief Executive of the FCA, said “I am delighted to be welcoming Stephanie, Jessica, Sarah and Emily into the FCA to be part of our executive leadership team. They bring with them a deep understanding of the consumers we seek to protect, the markets we oversee, and all have track records for operational excellence. As we continue transforming the FCA – building a data-led regulator – their global experience and leadership, drawn from a variety of backgrounds, will be vital in ensuring we can act more quickly to reduce harm to consumers and ensure market integrity.”

“I also congratulate Clare on her appointment as Director of Market Oversight, a role she takes on at an important time for UK markets as the FCA takes forward the work of Lord Hill’s Listings Review.”

All of the new appointments will sit on the FCA’s Executive Committee, its most senior executive decision-making body. They will join Nikhil Rathi, Chief Executive; Mark Steward, Executive Director of Enforcement and Market Oversight; Megan Butler, Executive Director of Transformation; Nausicaa Delfas, Executive Director of International; Sheldon Mills, Executive Director, Consumer and Competition; Sheree Howard, Executive Director, Risk and Compliance Oversight; and Sean Martin, General Counsel.