The Financial Services Authority has appointed Sheila Nicoll as its new director of the retail firms division.
Nicoll, currently deputy chief executive of the Investment Management Association (IMA), is set to take up the post in September.
The regulator says Nicoll’s appointment is based on her “extensive” experience in the financial industry.
Prior to her role at the IMA she worked as the head of international relations for the London Stock Exchange.
FSA chief executive, John Tiner, says: “I am delighted to welcome Sheila to the FSA.
"Her experience in working closely with the industry and policymakers, her enthusiasm for making principles-based regulation work, and her communication skills will make her a great asset.”
The retail firms division supervises a range of firms including life insurance, general insurance and groups of intermediaries.
In her role Nicoll will report to Clive Briault, managing director of the retail markets business unit.
Nicoll succeeds Sarah Wilson, who is now working on a part-time basis leading the FSA's insurance sector team and as director of the treating customers fairly initiative.
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