FCA names director in charge of supervising advisers

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The Financial Conduct Authority (FCA) has appointed four directors to lead key areas of its supervision division, with Nick Poyntz-Wright heading up its long term savings & pensions unit which includes oversight of wealth management services and investment intermediaries.

Poyntz-Wright's official title will be director of long-term savings & pensions, and he is joined by Karina McTeague as director of retail banking; Linda Woodall as director of mortgages & consumer lending; and William Amos as director of wholesale banking & investment management.

McTeague, who joins from Lloyds Banking Group, represents the only new hire for the regulator. All four of the new directors will report to Clive Adamson, who remains director of supervision at the FCA.

The FCA said the appointments complete the senior structure in supervision, and are the final step in implementing a new structure for the division.

Adamson said: "I am delighted to have appointed Karina, Nick, Will and Linda to the Supervision division. They bring a wealth of industry and regulatory experience and will strengthen the leadership of the organisation.

"These appointments also provide more management depth to help us take forward the FCA's agenda in the diverse sectors that they will lead."

The FCA's Supervision division has four sub-divisions and three main specialist departments. The sub-divisions are: retail banking, wholesale banking & investment management, mortgages & consumer lending, and long-term savings & pensions.

The specialist departments are: general insurance & protection led by Simon Green, event supervision led by Susan de Mont, and prudential supervision & specialists led by Gerald Sampson.

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