FSA Appoints New Chairman of Practitioner Panel
The Financial Services Authority (FSA) has announced that Joe Garner has been appointed chairman of the Financial Services Practitioner Panel, with effect from 1 June 2012, succeeding Russell Collins who is retiring from Deloitte at the end of May.
The Financial Services Practitioner Panel was established under the Financial Services and Markets Act 2000 to represent the interests of practitioners and is independent of the FSA. Members are drawn from regulated institutions and market users at a senior level. Membership rotates to ensure a balance between consistency and new input.
Joe has been Head of UK Bank and Deputy Chief Executive, HSBC Bank plc since December 2010. He is also a director of HSBC Bank plc. During his time at HSBC, Joe has also been Head of UK Personal Financial Services including HSBC, first direct, M&S Money, John Lewis Partnership Card and Jersey Offshore. Joe started his career with Procter and Gamble for 9 years, and later worked at Dixons Group Plc, before joining HSBC in 2004. He was also a non-executive Director of the Financial Ombudsman Service from February 2008 to 2010.
Joe Garner said: “A safer and trusted financial services industry is vital.
“I am delighted to get the opportunity to play a role in shaping the regulatory decision process which could benefit consumers and regulated firms for a generation.”
FSA chairman, Adair Turner, said: “This is a period of great change to the UK’s regulatory framework and the involvement of senior practitioners adds great value. I am pleased Joe has agreed to take on this important role and would like to extend my thanks to Russell Collins for his time as chairman.”