FSCS names Marshall Bailey as next chair

Bailey, who was appointed by the Financial Conduct Authority and Prudential Regulation Authority, will start the role on 1 April. He replaces Lawrence Churchill who is stepping down after two terms and six years in the role. Bailey has held senior positions at RBC Capital Markets and State Street Bank & Trust. He is currently a non-executive director at Chubb European Group and CIBC World Markets in the UK. "We have conducted a thorough recruitment process to identify the most suitable person to become the next chair of the FSCS," said FCA executive director of strategy and competitio...