CEO to leave next May after nine years with the organisation.

Mark Neale, chief executive of the Financial Services Compensation Scheme (FSCS), will leave on 3 May 2019 after nine years in the role.

Neale told staff that he would stand down when his third, three year term as a director comes to an end next May.

“I think it is the right time to move on,” he said.

“I firmly believe that any organisation needs new leadership after nine years. And I want to take on new challenges.”

Civil Service
He had joined the FSCS in May 2010 after a career in the Civil Service including as a director general at HM Treasury and the Home Office.

The search for his successor has now begun with the final decision to be made by the Financial Conduct Authority and the Prudential Regulation Authority with approval of HM Treasury.

Marshall Bailey, who became the chair of the FSCS this April, commented: “Mark’s tenure at FSCS has seen striking changes in both FSCS’ own capability and in the depth of its relationships with the regulators, government and our partners in the financial services industry.

“Thanks to Mark and his team, FSCS is better prepared to deal with major failures and to support financial stability.

“It provides a better service to its customers, is better known by consumers and is more efficient. We wish him all the best as he prepares to write the next chapter in his distinguished career.”

For all the latest industry news direct to your inbox, sign up for our daily newsletter.

Source link

This Content is Generated from RSS Feeds, if your content is featured and you would like to be removed, please Contact Us

Tech Shop Offers

Music and Hifi Offers

Money and Loans

Get the very best deal on Loans, Credit Cards, Bank Accounts and Mortgages.

Motor Insurance Quote

Get a Quick Motor Insurance Quote and Compare from over 65 Providers.

Home Insurance and More

Compare Home Insurance from over 65 Insurance Providers to guarantee you the best deal.

Life Insurance and More

Get a Quick Life Insurance Quote and Compare Deals from UK's well known Insurance Providers.

Travel Insurance Quotes