UK’s Financial Services, Trade and Investment Board (FSTIB) has appointed five new members to its board to promote the country’s financial services industry.
The Board, which will meet formally on 8 October 2013, was established by Chancellor George Osborne at Budget 2013 in a bid to boost trade, attract investment and lower barriers to access.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The FSTIB will be chaired by Charles Roxburgh, director general of financial services at the Treasury and Dame Amelia Fawcett, currently a non-executive director for the Treasury will act as the non-executive director for the FSTIB.
The Board will report directly to the Osborne, Chancellor of the Exchequer.
Members of FSTIB include senior representatives from the Foreign and Commonwealth Office (FCO), UK Trade and Investment (UKTI), the department for Business, Innovation and Skills, TheCityUK and its new International Trade and Investment Group, chaired by Sir Andrew Cahn.
Five independent external members, who will be joining the Board include Ana Botin, CEO Santander UK, Douglas Flint, chairman HSBC, Martin Gilbert, CEO of Aberdeen Asset Management, Martin Scicluna, chairman of RSA and Xavier Rolet, CEO, London Stock Exchange Group.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataThey will be acting within a personal capacity, on a pro bono basis, providing advice and expertise to the Board’s deliberations and challenging the Board on its delivery.
George Osborne said: "Ensuring the UK is able to compete in the global race is one of the government’s key priorities. FSTIB will strengthen the UK’s performance in financial services at home and abroad."
Gerry Grimstone, chairman of TheCityUK said: "As the financial services industry’s representative on the Board, our priority is to ensure that FSTIB delivers jobs across the country and sustainable growth for the wider economy".
Martin Scicluna, chairman of RSA said: "The FSTIB has a unique role to play in supporting British businesses in identifying and taking advantage of trade and investment opportunities and driving the economy back to growth and recovery."
The Board will meet quarterly to identify trade and investment priorities within financial services and recommend joint government and industry actions.
