The Financial Conduct Authority (FCA) in the UK has appointed wealth manager boss Paul Feeney as the chair of its independent Practitioner Panel.

Feeney, who had been leading Quilter as its CEO since 2012, became the chairman of the panel on 1 January succeeding Zurich UK CEO Tulsi Naidu.

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The FCA Practitioner Panel was established in the current form in 2013 and forms a key part of the regulatory system to maintain effective arrangements for consulting practitioners.

It offers insights at a strategic level on important policy issues and helps in achieving objectives in an effective manner.

Feeney had been a member of the panel since 2015.

FCA chair Charles Randell said: “Paul has served on the Panel for a number of years and appreciates the important role the Panel plays in ensuring our regulation is targeted and effective.

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“As we approach the end of the Brexit transition period and tackle the impact of the coronavirus pandemic, the robust and constructive challenge of the Panel will continue to be a critical part of our governance.

“I know Paul will continue the excellent work of his predecessor and I look forward to working with him in the years ahead.”

Feeney said: “At a moment in time when the industry and the regulator face unprecedented challenges it is especially important that the FCA can call on the expertise of senior industry practitioners.

“I look forward to working together with my colleagues on the Panel and drawing on their broad experience across a range of sectors to help the FCA build public confidence in, and engagement with, financial services.”