Loretta Minghella, chief executive of the Financial Services Compensation Scheme (FSCS), has been awarded an OBE in the Queen's 2010 New Year Honours list.
She was given the title in recognition of her contribution to the financial services sector, including during her five year tenure as head of the FSCS. Minghella announced last year she would be stepping down from the role this Spring but is staying on as a special adviser to the organisation until the end of August. Commenting on her departure, FSCS chairman David Hall said: "Loretta has steered the organisation skilfully through extraordinary times, overseeing the delivery of over £21bn of compensation in a number of innovative ways." Minghella said she believed it was time for a new...
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