The UK’s Financial Conduct Authority (FCA ) announced that it appointed three senior directors in different departments on Tuesday. According to the press release, the watchdog picked two new Directors of Authorizations as it successfully filled 95 new authorization roles. Moreover, a new Finance Director has been selected.
One of the two new Directors of Authorization roles will be filled by Laura Dawes. Currently, Dawes is the FCA’s interim Director of Strategy, Policy, International and Intelligence. Dominic Cashman will serve as Co-Director of Authorization.
Before joining the regulator, Cashman most recently served as Interim Group Head of Operations at TP ICAP, an interdealer broker. They will begin their new roles at the end of April and early May.
New Finance Director
Moreover, Craig Chapman will join the FCA in May as the Finance Director. Chapman is the Chief Financial Officer at RTX RouteTrader, a fintech in the telecommunications sector. Before ED&F Man, Chapman had held senior finance positions at Barclays Capital and ED&F Man. Additionally, Chapman was appointed after David Godfrey retired as the FCA’s Finance Director.
“I look forward to welcoming Craig, Dominic and Laura to their new roles later this spring. Tackling the risk of consumer harm starts when firms apply to us for authorization. Dominic and Laura will lead this vital part of the regulatory system. Craig is an experienced chief financial officer who will play a central part in making sure we have the right resources, and we’re using them in the best way possible to meet our important objectives,” Emily Shepperd, the Chief Operating Officer and Executive Director of Authorizations at the FCA, commented.
The FCA issued the following statement on the two new appointments of the Directors of Authorizations: “The FCA has committed to a more robust and efficient authorization process, with greater focus on the financials and business models of firms applying to operate in regulated financial markets. As well as recruiting almost 100 new colleagues, the FCA has reformed its authorization process with more decisions now taken by individual senior managers rather than by committees.”
