Nikhil Rathi makes his mark on FCA with new appointments

Ryan Fowler

February 25, 2021

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Financial Conduct Authority boss Nikhil Rathi has made a raft of senior appointments as he continues to put his stamp on the regulator.

It comes after the City watchdog announced a restructure in December which brought together two supervision divisions with the FCA’s policy and competition functions.

And Rathi, chief executive of the FCA since October, has now made four further appointments to the FCA’s executive team.

Stephanie Cohen becomes the FCA’s chief operating officer (COO) and Jessica Rusu join as the FCA’s first chief data, information and intelligence officer (CDIIO).

Sarah Pritchard will become executive director, Markets and Emily Shepperd will take up the newly created role of executive director, authorisations.

Clare Cole has also come in as director of market oversight. As part of that role she will lead the FCA’s response to Lord Hill’s forthcoming Listings Review.

Rathi 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.”

The four new appointees will sit on the FCA’s executive committee.

As is customary all four said they were delighted to join.

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