The Treasury has announced changes to the board of the Financial Services Authority, including the appointment of two non-executive directors.
Peter Fisher, former under secretary at the US Treasury and executive vice president of the Bank of New York Federal Reserve, and Brian Flanagan, non-executive director of William Morrison Supermarkets, have been appointed non-executive directors with effect from 19 January 2007.
Dame Deirdre Hutton, non-executive director and deputy chairman of the FSA, has had her current term extended until 10 December 2007, while Sir James Crosby, non-executive director, has been appointed for a further three-year term from 15 January 2007.
Kyra Hazou, Tom de Swaan and Clive Wilkinson will retire after Christmas on 18 January 2007 following two three-year terms .
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Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till