The U.K. Financial Conduct Authority today announced the appointments of two key executive roles, with Mark Steward becoming the new Director of Enforcement and Market Oversight, and Barbara Frohn the new Director of Risk and Compliance Oversight.
Steward is currently the head of enforcement at the Hong Kong Securities and Futures Commission. Frohn is Managing Director of Banco Santander and currently on secondment to the Institute of International Finance in Washington, D.C. Both will be expected to take up their new roles in London, in the early autumn.
The FCA also announced three recent key director appointments:
Marc Teasdale was named Director of Market Oversight within the Enforcement and Market Oversight division;
Jo Hill was named Director for Markets Intelligence, Data and Analysis; and
Andrew Whyte was named Director of Communications within the Strategy and Competition division.
These appointments represent the next stage of the implementation of the FCA’s new strategic approach and the associated new leadership structure which was announced last December. Steward’s role brings together the organisation’s enforcement function with a new Market Oversight Division, which was created by incorporating the U.K. Listing Authority (UKLA) and Market Monitoring functions.
The new Risk and Compliance Oversight Division provides a strategic approach to the management of internal and external risk and a direct link between the risk function and the Chief Executive for the first time.