The FCA has announced that Nick Stace (pictured above) will join its board as a non-executive director.

Nick is currently chief executive of the Royal College of Veterinary Surgeons and has previously served at Which? (UK) as deputy CEO and at Australian consumer organisation Choice as CEO.

The appointment was made by the Treasury for an initial three-year term beginning on 1^st April.

Commenting on the appointment, John Griffith-Jones, chairman of the FCA, said one of the regulator’s key strategic objectives was to ensure it could secure an appropriate degree of protection for consumers in financial services.

“Nick’s extensive experience and knowledge gained through working at senior levels within organisations that deal directly with consumer-related issues will be a significant asset to the FCA.

“We look forward to having him on our board.”

Nick – who has also acted as a director of a European consumer affairs organisation as well as a director of Consumer’s International – was delighted to be joining the FCA at such an important time.

“The treatment of consumers using financial services is something that we can all relate to and is rightly one of the FCA’s priorities in the work it performs.

“I look forward to joining the board to help the FCA meet its objectives in this area.”

Simon Kirby, economic secretary to the Treasury, concluded: “The Financial Conduct Authority plays an important role ensuring Britain’s financial services sector delivers for consumers.

“Nick Stace will bring a wealth of consumer and leadership experience to this role and is ideally suited to help the FCA deliver its objectives.”