FCA completes reform of supervision department with four new directors

The UK financial regulator the Financial Conduct Authority has appointed four new directors to its supervision division, concluding the structural reform of that unit started in April this year.

The FCA says the new structure better aligns its function with the markets it oversees and the products consumers buy.

The appointments are:

  • Karina McTeague as director of retail banking. She will join from Lloyds Banking Group in November this year, where she has recently returned from just over two years as chief risk officer in North America.
  • Linda Woodall as director of mortgages and consumer lending. She has been acting director of this area since April 2013 and joined the Financial Services Authority (FSA) in 2001 after completing an MBA.
  • Nick Poyntz-Wright as director of long-term savings & pensions. He has been acting director of this area since April 2013 and was head of life insurance at the FSA in September 2011. He previously served as chief executive of Skandia UK.
  • William Amos as director of wholesale banking & investment management. He has been acting director of this area since April 2012 and was previously head of a deparment in enforcement. Before, he was an economist at the Bank of England.

Commenting, Clive Adamson, director of Supervision at the FCA, said:

I am delighted to have appointed Karina, Nick, Will and Linda to the Supervision division. They bring a wealth of industry and regulatory experience and will strengthen the leadership of the organisation. These appointments also provide more management depth to help us take forward the FCA’s agenda in the diverse sectors that they will lead.