The Financial Conduct Authority (FCA) has appointed Nick Stace to its board as a non-executive director for an initial three-year term, starting 1 April.
Stace (pictured) is currently chief executive of the Royal College of Veterinary Surgeons and has executive leadership experience in consumer organisations as Which? deputy CEO and Choice (Australia) CEO.
He said: "I am delighted to be joining the FCA at such an important time. The treatment of consumers using financial services is something we can all relate to and is rightly one of the FCA's priorities in the work it performs. I look forward to joining the board to help the FCA meet its objectives in this area."
The FCA's non-executive directors are charged with helping to shape the regulator's strategy while holding its executive team to account and providing appropriate advice, guidance and counsel to them.
The financial watchdog's board is currently made up of 10 executive and non-executive directors, including chairman John Griffith-Jones and chief executive Andrew Bailey.
Griffith-Jones said: "One of the FCA's key strategic objectives is to ensure we secure an appropriate degree of protection for consumers in financial services.
"Nick's extensive experience and knowledge gained through working at senior levels within organisations that deal directly with consumer-related issues will be a significant asset to the FCA. We look forward to having him on our Board."
Economic secretary to the Treasury Simon Kirby added: "The FCA plays an important role ensuring Britain's financial services sector delivers for consumers. Nick Stace will bring a wealth of consumer and leadership experience to this role and is ideally suited to help the FCA deliver its objectives."
After 20 years in Westminster
Retired in 2014
Dividend tax hike also stayed
Advisers lacking knowledge
Five short video interviews with RLAM’s head of multi-asset