FCA Announces Changes to Its Executive Committee

The United Kingdom's Financial Conduct Authority (FCA) has announced changes to its Executive Committee. It has appointed Stephen Braviner Roman as General Counsel and as a member of its Executive Committee following an open competition. Stephen is expected to join the FCA in February next year.

Stephen will join the FCA from the Government Legal Department (GLD), where he is Director General of Litigation, Justice and Security, responsible for overseeing legal advice given to the Home Office, Ministry of Defense, Ministry of Justice and Department for Culture, Media and Sport.

Megan Butler, the Executive Director of Transformation at the FCA, will step down in the spring. Megan joined the FCA from the Bank of England in 2016 as Executive Director of Supervision – Investment, Wholesale and Specialist.

Emily Shepperd will lead the FCA's transformation programme, alongside her role as Executive Director of Authorisations, where since March she has spearheaded changes to FCA's approach to the gateway and has been leading a number of transformation workstreams.

David Scott has held the role of General Counsel on an interim basis while the FCA recruited a permanent appointee. David will continue to work at the FCA part-time during a handover period.

Last week, the FCA published a consultation paper, seeking certain changes to the Appointed Representatives (AR) regime​ in order to reduce potential harm for consumers and markets.