’This is a mission I’m proud to now lead,’ says appointee
Martyn Beauchamp has been named as the new chief executive at the Financial Services Compensation Scheme (FSCS).
Beauchamp had been serving as interim chief executive since October 2023, with him overseeing the FSCS’s transition to a new operating model during this time.
The FCA and the Prudential Regulation Authority (PRA) have now decided to make the move permanent, with approval being given by the Treasury.
In a joint statement, Sam Woods, deputy governor of prudential regulation and chief executive at the PRA, and Nikhil Rathi, chief executive at the FCA, said: “Beauchamp is a highly experienced candidate and has already made a meaningful impact as the FSCS’s interim chief executive
“We are excited to continue working with him.”
Experience
Beauchamp has worked in financial services for over 20 years.
Read: London-based broker announces multiple senior hires to expand reinsurance capabilities
Read: Howden Re appoints Aon broker as director for London-based team
Explore more people moves-related content here, or discover other news stories here
He has experience in chief executive and executive leadership roles for a wide range of firms, including GE Capital and Tesco Bank, working across the UK, EU, Middle East and Asia.
Beauchamp said: “FSCS puts customers back on track when their financial services firm fails, helping to build trust and stability in the UK financial services system and supporting long-term sector growth.
“This is a mission I’m proud to now lead as FSCS’s chief executive – and I look forward to working closely with the FSCS team, the financial services industry and our regulators to achieve it.”
His career began in 2019, when he joined a local north London newspaper after graduating from the University of Sheffield with a first-class honours degree in journalism.
He took up the position of deputy news editor at Insurance Times in March 2023, before being promoted to his current role in May 2024.View full Profile
No comments yet