The UK’s Financial Conduct Authority (FCA) has named David Geale as new director of policy.
In his new role, Geale will be responsible for overseeing policy on advice and distribution, disclosure and promotions, pension reform, life assurance, asset management and crowd-funding within the regulator’s supervision and policy, risk and research division.
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Geale previously served as head of savings, investments and distribution policy at FCA.
He also worked on data collection rules for advisers and admitted that the regulator would u-turn on some of its post-Retail Distribution Review (RDR) rules for filing Retail Mediation Activities Returns (RMAR).
Prior to this, Geale worked at the Financial Services Authority (FSA) as an associate over 10 years ago.
Additionally, FCA has also hired Nausicaa Delfas as director of specialist supervision and the head of the general insurance and protection department, while Simon Green has been named as new director of general insurance & protection.
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By GlobalDataIn his new role, Delfas will oversee the specialist supervision functions for supervision across all sectors.
The regulator said: "The new director roles will increase senior management capacity to deliver against the FCA’s increasingly demanding supervisory and policy agendas. They will also further define the FCA’s relationships with firms and key stakeholders."
