Chancellor of the Exchequer Rachel Reeves has today confirmed that Julia Black, Anita Kimber, John Ball and Stéphane Malrait have been appointed as non-executive directors to the board of the Financial Conduct Authority (FCA).
The Chancellor has also confirmed a one-year extension of Richard Lloyd’s second term as a non-executive director on the FCA board.
Black and Kimber will commence their terms on 12th May 2025, Ball on 27th May 2025, whilst Malrait will join later in the year on 20th October 2025.
They will each serve an initial three-year term. Lloyd’s second term has been extended and will now conclude on 31th March 2026.
Black, a former external member of the Prudential Regulation Committee, has experience in advising policy makers, consumer bodies and regulators on issues of regulatory strategy and design in the UK and internationally.
Kimber is a former EY partner and has also led large practices at PwC and IBM, whilst Ball was previously global managing director, pensions practice for Willis Towers Watson, where he spent nearly 40 years.
Malrait, who is a former managing director and global head of market structure and innovation for financial markets at ING Bank, has operated in large, complex organisations internationally, including in the US, France and the UK.
“The FCA have been crucial in supporting the government’s efforts to reform regulation in order to better support growth and I am pleased to announce the appointments of Julia Black, Anita Kimber, John Ball and Stéphane Malrait to the FCA Board and the extension of Richard Lloyd for an additional year,” said Chancellor Reeves.
“All five individuals bring extensive financial services experience to the board and will help the FCA go further and faster to deliver on this government’s Plan for Change.”
Chair of the FCA board, Ashely Alder, added: “I’m delighted to welcome Julia, Anita, John and Stéphane to the FCA board.
“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.
“I’d also like to congratulate Richard Lloyd on the extension of his second term, which ensures we continue to benefit from his invaluable counsel in the months ahead.”