The Financial Conduct Authority (FCA) has completed its executive committee with the appointment of Georgina Philippou as the new chief operating officer.

Philippou, who has over twenty years’ experience in the UK regulation field, has been working at the FCA as director for enforcement and market oversight and will take up her new role in November.

Tracey McDermott, acting chief executive of the financial conduct authority, said: "Georgina brings a wealth of regulatory experience here and overseas that’s invaluable in ensuring that the FCA is able to operate effectively across all its priorities and objectives. As the demands on the organisation increase, it’s imperative that we prioritise effectively and use our resources in the most efficient manner. Georgina’s extensive experience and wide knowledge of the approaches of international regulators means she is well placed to know what we need to be able to perform and deliver value for money at the level expected by ourselves and by the industry."

The appointment means that all executive director positions within the FCA have been filled following the review of strategy, priorities and ways of working in December 2014.

The Financial Conduct Authority’s Executive Committee is attended by:
Acting chief executive officer: Tracey McDermott
Chief operating officer: Georgina Philippou
Director of enforcement and market oversight: Mark Steward
Director of strategy and competition: Christopher Woolard
Director of supervision – investment, wholesale and specialists: Megan Butler
Director of supervision – retail and authorisations: Jonathan Davidson
Director of risk and compliance oversight: Barbara Frohn
General counsel: Sean Martin

Following Georgina’s appointment, the FCA confirmed that David Godfrey would become director of finance and operations. The FCA also announced that Linda Woodall would become director of life insurance and financial advice.

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