News
Sinead Moore 3 Feb 2017 04:18pm

Movers and shakers

A round-up of some of this week's appointments, promotions, board moves and resignations

Standard Chartered

Tracey McDermott, the former head of the Financial Conduct Authority (FCA) has joined Standard Chartered as group head of corporate, public and regulatory affairs.

McDermott will take up the role on 20 March and will also join Standard Chartered’s global management team.

She will work closely with group chief executive Bill Winters and group chairman José Viñals in strengthening the group’s core regulatory relationships.

McDermott will also work with group chief risk officer Mark Smith on managing the group’s reputational risk.

Steve Atkinson, currently group head of corporate affairs, will take up a new role as Winters’ chief of staff as soon as McDermott joins the team in March.

McDermott was the acting chief executive of the FCA from September 2015 until July 2016. She replaced Martin Wheatley who stood down in September 2015 but later indicated that she would not seek to fill the role on a permanent basis.

Prior to her role as acting chief executive she held a number of senior positions at the FCA with responsibility for the conduct regulation of the UK’s financial services sector, including director, supervision and authorisations, and director, enforcement and financial crime. She was also a member of the board of the FCA from April 2013.

She was a member of the Financial Policy Committee of the Bank of England, and a non-executive director of the PRA from September 2015 until June 2016.

PwC

PwC has appointed Paul Delbridge as London market insurance leader.

Delbridge is a partner at PwC and has been with the firm for 30 years.

In his new role, he will have responsibility for the firm's activities and services - audit, tax and advisory - to the Lloyd's, London market company and major broker markets. He takes over the role from Jim Bichard, who has taken over the leadership of PwC's UK insurance practice.

RSM

RSM has appointed two new partners to its East Anglian team.

Laragh Jeanroy joins the firm’s audit practice and Paul Harris has been appointed as lead partner in the private client tax team.

Jeanroy is currently deputy president of the East Anglian Society of Chartered Accountants and has 20 years of experience.

Prior to joining RSM, she was head of audit at PEM in Cambridge where she was responsible for the audit and related advisory services to a portfolio of corporate and not-for-profit entities.

She also previously held roles as a partner in Grant Thornton and Robson Rhodes in Cambridge.

Harris, an ICAEW member, has over 30 years of experience, most recently as a director at Grant Thornton in Norwich.

Prior to that Harris was a private client tax partner with Smith & Williamson in Salisbury and before that he was a director at BDO.

Kingston Smith

Kingston Smith has appointed Ruth Brennan as tax principal.

Brennan joins Kingston Smith from BDO, having been at the firm for 18 years, most recently as tax director.

UHY Hacker Young

UHY Hacker Young, has appointed Stephen Grayson as a partner in the audit department of the firm’s Manchester office.

Grayson is a former partner at Howard Worth and brings over 15 years’ experience to the role.

He is the second audit partner to join UHY’s Manchester office in recent months, following the arrival of Max Paterson from EY in November 2016.

MHA Carpenter Box

Ivan Fowlie has been appointed as financial director of MHA Carpenter Box, the Sussex-based chartered accountants, tax and business advisers.

He joins from information and communications company Ericsson in Germany where, as head of business finance for western and central Europe, he was responsible for 17 countries.

Fowlie had been with the Swedish communications giant for 20 years, initially in Guildford, before moving to Dusseldorf.

In his new role, he will oversee financial performance and statutory reporting, utilising his considerable experience to help the firm to continue on its impressive growth curve.

He will also develop business process improvements to streamline reporting and look at ways to further enhance the client experience.

SEC

Wenchi Hu, an associate director in the division of trading and markets and Marc Wyatt, director of the office of compliance inspections and examinations are both due to leave the Securities and Exchange Commission (SEC).

Hu will leave the agency in early February and Wyatt will leave next month to return to the private sector.

Hu joined the SEC in November 2011 as a senior special counsel in the office of compliance, inspections and examinations and later moved to the office of derivatives policy in the division of trading and markets. She was named assistant director in the division's office of clearance and settlement supervision in June 2013.

She has headed the division's office of clearance and settlement supervision since August 2015, after serving three months as its acting associate director.

Before joining the SEC, Hu worked as managing director and senior counsel at Rabobank Nederland in New York and was an associate at Cleary, Gottlieb, Steen & Hamilton LLP.

Wyatt joined the SEC in December 2012 as a senior specialised examiner and co-founded the private fund unit within OCIE. He was named deputy director in October 2014 and served as acting director in April 2015 before being named director in November 2015.

Before coming to the SEC, Wyatt was a principal and senior portfolio manager of a global multi-strategy hedge fund. Prior to that, he was a senior investment banker in the US and UK.

Upon his departure, Pete Driscoll, OCIE’s chief risk and strategy officer, will become the acting director. Driscoll was previously OCIE’s managing executive from 2013 through early 2016.

He joined the SEC in 2001 as a staff attorney in the division of enforcement in the Chicago regional office and was later a branch chief and assistant regional director in OCIE.

Shop Direct

Derek Harding has been appointed to the executive board of Shop Direct as group finance director, replacing Greg Pateras who is due to leave the company in July after 10 years.

Harding will join the online retailer later this year he will report directly to group CEO, Alex Baldock.

He joins from engineering firm Senior, where he has held the role of finance director since September 2013.

He will remain in his current post until a successor is found.

Prior to joining Senior, Harding was at Wolseley for 11 years, most recently as finance director of Wolseley UK.

He qualified as a chartered accountant at PwC, where he worked for six years.

Worldplay

Peter Jackson has been appointed as chief executive of Worldplay UK, effective from 1 March.

Jackson will report to group chief executive officer, Philip Jansen.

He joins Worldpay from Banco Santander where he was head of global innovation.

Prior to this he was chief executive officer of Travelex Group and has held senior positions at Lloyds and Halifax Bank of Scotland, and McKinsey & Company.

Talk Talk

Talk Talk CEO Dido Harding is stepping down in May 2017 after seven years.

When Harding leaves the company, non-executive chairman Charles Dunstone will then assume the role of executive chairman.

Dunstone is stepping down as chairman of Dixons Carphone at the beginning of May.

Tristia Harrison, currently managing director, TalkTalk Consumer, will succeed Harding as CEO and Charles Bligh, currently managing director, TalkTalk Business, will become chief operating officer.

Both Harrison and Bligh have been on the board of TalkTalk since 2014 and worked for the group for seven and five years respectively.


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