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Sheila Nicoll to leave FSA

Sheila Nicoll to leave FSA

Sheila Nicoll, conduct business unit director of policy at the Financial Services Authority (FSA), is to leave the regulator when it transitions to the Financial Conduct Authority (FCA) in April.

Nicoll was appointed director of conduct policy in 2009 and has overseen the retail distribution review (RDR), mortgage market review and the funding review of the Financial Services Compensation Scheme.

Nicoll joined the FSA from the Investment Management Association in October 2007, where she was director of the retail firms division for two years.

Nicoll said: ‘I have spent five challenging but fascinating years at the FSA, through what has arguably been one of the most dramatic periods of change the financial services industry has known. I have worked with a truly professional team and strongly believe that some of the policies we have implemented will create lasting benefit for consumers.

‘Having seen major policy initiatives such as the RDR through to implementation, I feel now is the right time for me to handover to those who will drive the FCA's policy approach in the future.’

She said that she will ‘explore fresh opportunities’ once the hand over from the FSA to the FCA is completed.

FSA managing director Martin Wheatley said: ‘I would like to thank Sheila sincerely for the contribution she has made to the foundation of the FCA and for the delivery of complex initiatives such as the retail distribution review and mortgage market review.’

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