The Financial Services Compensation Scheme (FSCS) announced that Ron Devlin has agreed to act as interim chief executive following the departure of Suzanne McCarthy at the end of May 2004.
FSCS chairman Nigel Hamilton said: “I am delighted that Ron has agreed to take the helm for the interim until the appointment of our next chief executive can be made. He has a wealth of knowledge and relevant experience and I am confident that the Scheme is in very safe hands. Our stakeholders can be confident that it will be very much business as usual.
“I would also like to thank Suzanne McCarthy for all of her efforts in helping us to establish an effective and efficient single compensation scheme. The board and I are indebted to her and we wish her well in her new role.”
Ron Devlin joined the FSCS in February 2001 as a senior adviser, providing advice and support to investment claims teams and undertaking special projects for the chief executive.
He was previously director of pensions review at the FSA, director and latterly head of investment business supervision and standards at the Securities and Investments Board, commissioner at the Building Societies Commission, and assistant registrar of Friendly Societies. He started his career in the Home Office.
