The Financial Conduct Authority (FCA) has made two new senior appointments. Kate Collyer joins its Chief Economist and Marlene Shiels, joins as Chair of the FCA’s Smaller Business Practitioner Panel.
Collyer is currently Chief Economist for Energy and Market Frameworks and Joint-Director of Analysis at Department for Business, Energy and Industrial Strategy (BEIS). The FCA’s Chief Economist Division, which Collyer will head, provides rigorous economic thinking, research, analysis and advice to help the FCA deliver on its strategic objective of making financial services markets work well, and to assess and demonstrate the impact of FCA interventions on those markets.
As well as managing the FCA’s economic research and analysis, the FCA’s Chief Economist jointly heads the wider Competition and Economics Division. As chief economist, Collyer will act as an adviser to the FCA’s executive committee and board.
Kate Collyer, the incoming Chief Economist at the FCA, said “I am delighted to be joining the FCA to lead their expert and highly regarded economics team. The FCA has an impressive reputation for thought leadership and I am looking forward to leading work to further promote economics and analysis across the FCA.”
Christopher Woolard, Executive Director of Strategy and Competition, said “‘Kate will play a vital role at the FCA, further embedding the use of economic analysis in our decision making and assessing how well the interventions we make are working. Kate’s excellent economic credentials, and her experience of managing diverse teams will be a huge benefit, given the breadth of analysis the FCA undertakes. I look forward to welcoming her.”
As well as managing the FCA’s economic research and analysis, the FCA’s Chief Economist jointly heads the wider Competition and Economics Division. As chief economist, Kate will act as an adviser to the FCA’s executive committee and board.
Separately, Charles Randell, Chair of the Financial Conduct Authority, has announced the appointment of Marlene Shiels, Chief Executive of Capital Credit Union, as Chair of the FCA’s Smaller Business Practitioner Panel. She has been a member of the Panel since 2015 and succeeds Craig Errington, Group Chief Executive of Wesleyan.
The FCA Smaller Business Practitioner Panel is an independent statutory body that represents the interests of practitioners of firms of small or medium size within their sector across FCA-regulated activities. Panel members are recruited to represent both their own sector and the industry as a whole, rather than individual firms.
Welcoming the appointment, Charles Randell said “The Smaller Business Practitioner Panel plays a vital role in ensuring that the voice of smaller firms in the industry is heard in the UK’s regulatory system. I am sure that Marlene will continue the excellent work of her predecessors and I look forward to working with her in her new role. I would also like to thank Craig for his contribution, over several years, to the work of the Panel as a member and latterly as Chair.”
Marlene Shiels, Chief Executive of Capital Credit Union, said “The Smaller Business Practitioner Panel plays a very important role in the regulatory environment. It represents a significant number of businesses across the country and ensures that their interests are at the forefront of change. I am looking forward to continuing to work with the FCA and key stakeholders to ensure smaller businesses are well represented through the Smaller Business Practitioner Panel.”
Both will take up their new roles in October.