The Financial Conduct Authority (FCA) has appointed a former member of the Lloyds TSB Retail Banking board as senior adviser on consumer lending.
The regulator appointed David Gagie (pictured) while preparing for its new role of consumer credit regulator, which it will assume next year.
Gagie, who was responsible for consumer lending, cards and current account businesses at Lloyds, also held board-level roles at Mastercard UK & Europe and, until recently, he was a non-executive director on the ING Direct UK advisory board.
He is currently a non-executive director of Payzone Group, a founder/director of PaySwyft and MyWorkSearch and is advising Itemize Corp.
Gagie said:"This is a critical time for the regulation of consumer credit and, more than ever, consumers need to be properly protected. I very much look forward to contributing to this goal as part of the FCA team."
FCA director of supervision Clive Adamson said: "I am delighted that David Gagie will be joining the FCA as a senior advisor. He has considerable experience to bring to bear on the regulatory changes and issues that we face in the consumer credit sector."
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