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FSA unveils double FSCS board appointments

FSA unveils double FSCS board appointments

The Financial Services Authority (FSA) has appointed two new non-executive directors to the board of the Financial Services Compensation Scheme (FSCS).

Marian Glen and Charles McKenna will take up their posts on 1 February.

Glen was General Counsel at Aegon UK plc from 2009 to 2011 and prior to that was a partner at Shepherd and Wedderburn from 1994 to 2008.

McKenna spent 22 years as a corporate partner at Allen and Overy, specialising in corporate transactions, financial services and regulatory bodies.

Lord Adair Turner (pictured), chair of the FSA, said the two appointments coincided with a period of  regulatory change and adding the pair's experience would be 'invaluable' in steering the FSCS through the uncertainty.

Lawrence Churchill. chair of compensation body the FSCS, added: 'I am pleased we have been able to appoint two people of such high calibre as Marian Glen and Charles McKenna to the FSCS board. They have a wealth of experience that will benefit both consumers and the firms to whom we are accountable.'

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