FCA hires new chair for its practitioner panel
The City watchdog has appointed Penny James, chief executive of Direct Line Group, as chair of its practitioner panel, the independent body that provides the regulator with industry input.
James has been a member of the panel since September 2020 and will start work as chair from 1 March when she will take over from Paul Feeney, chief executive of Quilter.
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“As an experienced panel member, Penny already understands the panel’s role in providing robust and constructive challenge to help guide our transformation and approach to the future of regulation,” said Charles Randell, who is stepping down as chair of the Financial Conduct Authority (FCA) in Spring this year.
“I look forward to working with her in her new role. I would like to thank Paul for his contribution as both a member and chair, and especially for his skilful steering of the panel through the challenging pandemic period.”
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“The panel is an important forum for senior industry practitioners, spanning a range of sectors, to engage and use its expertise as a critical friend to support the FCA’s work,” said James.
“I look forward to continuing to work with panel colleagues, where our collective experience and insight can be called upon to help the FCA with its strategic and operational objectives.”