On 29 April 2025, the Chancellor of the Exchequer of United Kingdom confirmed the appointment of four new non-executive directors to the Board of the United Kingdom Financial Conduct Authority (UK FCA): Professor Julia Black, Anita Kimber, John Ball, and Stéphane Malrait. The announcement also includes a one-year term extension for current Board member Richard Lloyd, ensuring continuity and seasoned leadership as the UK FCA implements its five-year strategy for market resilience, innovation, and regulatory agility.
Professor Julia Black, a former external member of the Prudential Regulation Committee, will assume her position as non-executive director on 12 May 2025 for an initial three-year term. She brings deep expertise in regulatory design and governance, particularly in complex financial systems. Joining her on the same day is Anita Kimber, an accomplished former partner at EY with prior leadership roles at PwC and IBM, known for her cross-sectoral insight into financial innovation and digital transformation.
John Ball, who previously served as global managing director for the pensions practice at Willis Towers Watson, will begin his three-year term on 27 May 2025. His appointment reflects the UK FCA’s continued focus on long-term consumer outcomes, particularly in retirement and pensions oversight.
Stéphane Malrait, formerly managing director and global head of market structure and innovation at ING Bank, will assume his post on 20 October 2025, bringing critical expertise in financial markets infrastructure and structural reform.
Richard Lloyd, who has served on the UK FCA Board since April 2019 and currently chairs the Policy and Rules Committee, has been reappointed for an additional one-year term. His continued presence ensures valuable policy continuity as the organisation executes its strategic reforms across wholesale and retail financial sectors.
In response to the announcement, UK FCA Chair Ashley Alder welcomed the appointments, stating: “Together, they bring a wealth of experience and insight across the financial services sector. I look forward to working with them as we deliver our ambitious new 5-year strategy.”
Under the United Kingdom Financial Services and Markets Act 2000, the UK Treasury is responsible for appointing members to the UK FCA Board. All appointments are regulated by the Office of the Commissioner for Public Appointments and are made strictly on merit. None of the newly appointed Board members has engaged in political activity in the last five years, in accordance with the UK Governance Code on Public Appointments.
(Source: https://www.fca.org.uk/news/news-stories/fca-announces-new-board-appointments)
