Mark Neale is to step down as Financial Services Compensation Scheme (FSCS) chief executive next May when his third three-year term come to an end, the lifeboat fund has announced.
The process for recruiting Neale's successor is already underway, with recruitment agency Odgers Berndtson appointed to help with that. "Odgers Berndtson has deep experience of working within financial services and regulation in the UK and internationally," the FSCS said. The appointment of FSCS CEO is made by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) with the approval of HM Treasury. Levy volatility 'unavoidable' in pay-as-you-go funding - FSCS's Neale Neale came to FSCS in May 2010 after a Civil Service career that saw him serving as a direc...
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