The Financial Services Authority (FSA) today announced the appointment of John Sutherland as a senior advisor.
John will advise on the building society sector. He has more than 36 years experience in retail banking, including senior roles at the Nationwide Building Society and most recently as chief executive officer of the Stroud and Swindon Building Society.
Hector Sants, the FSA’s chief executive officer, said:
''I am delighted to announce the appointment of John Sutherland as a senior advisor to the FSA. John brings to his role considerable experience of the retail banking sector which will be vital in our work in this area.
''Senior advisors are a core part of the FSA’s delivery of intensive supervision. The team provides experience on regulatory, market and consumer matters.''
Background
- John started his career at Lloyds, before moving to Nationwide in 1992 where he held numerous roles including Divisional Director, Branch Network and Executive Director of Sales and Marketing. In 2009 he served as a special advisor to the Bank of England’s special Resolution Unit. Last year he was appointed as chief executive of the Stroud and Swindon Building Society during its merger with the Coventry Building Society.
- The FSA regulates the financial services industry and has four objectives under the Financial Services and Markets Act 2000: maintaining market confidence; securing the appropriate degree of protection for consumers; fighting financial crime; and contributing to the protection and enhancement of the stability of the UK financial system