Sophie Hutcherson has been reappointed as a Non-Executive
Director to the Financial Conduct Authority (FCA) Board by the
Economic Secretary to the Treasury.
Her first three-year term will end on 17 April 2026. Following
her reappointment, Sophie will continue to serve on the FCA Board
for a second three-year term to expire 16 April 2029.
The Economic Secretary to the Treasury, , said:
I am pleased to confirm the reappointment of Sophie Hutcherson to
the FCA Board. Sophie's extensive experience and skills will
continue to support the FCA's important work to reform regulation
and support the government's growth mission.
Chair of the FCA, Ashley Alder, said:
I'd like to congratulate Sophie Hutcherson on her reappointment.
We will continue to benefit from her wealth of commercial
experience and counsel as the Board focuses on delivery of the
FCA's strategy.
About Sophie Hutcherson
Sophie Hutcherson brings over 30 years' senior experience in
financial services, with previous roles at Wells Fargo, Deutsche
Bank UK, and Lehman Brothers. She is a Fellow of the Chartered
Association of Certified Accountants and also holds a number of
other non-executive roles, all unrelated to her FCA Board
position, including directorships at Yacht Fractions Ltd and
Bellecapital.
During her first term on the FCA Board, Sophie has served on the
Policy and Rules Committee, as well as the FCA and Payment
Systems Regulator Audit Committees. With her reappointment, she
will become Chair of the Audit Committee, Whistleblowers'
Champion, and a member of the Risk Committee. Sophie also mentors
a participant in the UK Regulators Network (UKRN) Next Generation
NED scheme.
About the FCA Board
The FCA Board is responsible for the oversight and governance of
the Financial Conduct Authority, which regulates the conduct of
financial services firms and markets in the UK to ensure that
they operate with integrity and protect consumers.
The Board comprises the Chair, executive members, and
non-executive directors. Non-executive directors bring
independent judgement and a breadth of experience to the Board's
deliberations.
About the appointment process
Reappointments are not automatic and each case is considered on
its own merits. Sophie Hutcherson's reappointment was made in
line with the requirements of the Governance Code on Public
Appointments.
Sophie Hutcherson has confirmed that she has not engaged in any
political activity in the last five years.
