FCA and PSR Boards appoint new members to decision-making committees, including new chair and two deputy chairs

21/09/2015

These four committees are responsible for taking certain regulatory decisions on behalf of the FCA and PSR. They are set up by the FCA and PSR, with members drawn from across a spectrum of business, consumer and industry experience.

In future changes, Andrew Long and David Ashton, two of the longest serving members of the RDC will leave the committee when they have completed their respective terms of office.  Andrew Long was Chair (formerly Acting Chair) of the RDC between 2012-2014. David Ashton has been an Acting Deputy Chair since January 2015.

John Griffith-Jones, chairman of the FCA and PSR, commented:

“These committees play an extremely important role and I am delighted we have been able to attract members of such experience and quality. Their expertise will be central to helping both FCA and PSR achieve their respective objectives and raising standards.

“I would also like to thank Andrew and David for the invaluable contribution they have given to the RDC over recent years.”

The new appointments:

Chairman

  • Tim Parkes will become Chair of the RDC and EDC in January 2016.

Deputy Chairman

  • Elizabeth France has been appointed as a Deputy Chair of the RDC and EDC.
  • John Hull will become a Deputy Chair of the RDC in January 2016.

Committee Members

  • Kevin Brown has been appointed as a member of the RDC and EDC.
  • Chris Cummings has been appointed as a member of the RDC and EDC.
  • Jonathan Haskel has been appointed as a member of the EDC and the FCA and PSR CDCs.
  • Stuart McIntosh has been appointed as a member of the EDC and the FCA and PSR CDCs.
  • Professor Robin Mason has been appointed as a member of the EDC and the FCA and PSR CDCs.
  • Malcolm Nicholson has been appointed as a member of the EDC and the FCA and PSR CDCs.
  • Caroline Ramsay has been appointed as a member of the RDC and EDC.

Notes to editors

1. You can read more about the work of the RDC, EDC and CDCs on the FCA and PSR websites.

2. Biographies

Tim Parkes will become Chair of the RDC and EDC in January 2016.  He has been a partner at global law firm Herbert Smith Freehills LLP for more than 28 years, after serving 10 years as an associate and articled clerk.  As a commercial disputes solicitor in the areas of litigation, arbitration and Alternative Dispute Resolution, he practised in both London and Hong Kong, dealing most recently with complex, high-value disputes arising out of the global financial crisis, often involving regulatory considerations.  He was the firm's Executive Partner, Asia Managing Partner and latterly Head of Commercial Litigation in London.  He was also a member of the firm's governing Council for many years.

Tim has worked as Legal Assessor to the London Stock Exchanges' Quotations Committee and sat for a total of 5 years as an elected Council Member of the Law Society of Hong Kong.  

During his career he has taken a keen interest in legal pro bono work, which has included voluntary work in a CAB-linked legal advice centre.  He is currently a trustee of the Army Museums Ogilby Trust.

Elizabeth France is Chair of the Security Industry Authority, Chair of the Police Advisory Board for England and Wales, a member of the British Transport Police Authority, a member of the Ofgem Enforcement Decision Panel and a member of the General Assembly of Manchester University.

Until 31 March 2014 Elizabeth was Chair of the Office for Legal Complaints. From 2002 to 2009 she was Chief Ombudsman and Chief Executive of the Ombudsman Service Ltd., which provided the Telecommunications Ombudsman Service (Otelo), the Energy Ombudsman Service and the Surveyors Ombudsman Service. She was a Non-Executive Director of the Serious Organised Crime Agency from 2005-2010.

Elizabeth began her career in the Home Office, became the Data Protection Registrar in September 1994 and Information Commissioner in January 2001.

She has been awarded honorary doctorates by the Universities of De Montfort, Loughborough and Bradford and is a Fellow of Aberystwyth University. In June 2002 she was awarded a CBE for services to data protection.

Elizabeth has been appointed as a Deputy Chair of the RDC and EDC.

John Hull has almost twenty years’ experience as a partner at two international law firms including more than ten years with Latham & Watkins where he has served as Vice Chair of the Global Litigation Department, Chair of the London Litigation Department and led the firm’s London banking litigation practice.

His areas of expertise include disputes in the areas of financial services, regulatory matters and professional negligence. He has been involved in some of the most complex and high profile matters in the financial services sector, in a variety of jurisdictions.

John has been a Deputy District Judge since 2013. He is also a CEDR accredited mediator.

John will become a Deputy Chair of the RDC in January 2016.

Kevin Brown brings over 35 years of experience in payment systems, cards, treasury, transaction banking and fund management gained in UK and international financial services.  He sits as a non-executive/independent member on a number of bodies.

He is currently a Non-executive Board member of the PhonepayPlus; Non-executive Chairman of RBS (Luxembourg) SA; and Senior Advisor, Global Payments, KPMG.  He was also on the inaugural Advisory Panel for the newly formed UK Payment Systems Regulator until mid-2015.

Kevin is a Fellow of the Chartered Institute of Bankers and