皇冠体育app

皇冠体育app new appointments are part of a re-launch of the cross-government and industry body.

FSTIB, which was created by the Chancellor in Budget 2013, is tasked with strengthening Britain鈥檚 position as the centre of global finance, as well as enabling our world-class financial services sector to deliver jobs and growth across the country.

皇冠体育app new external board members, who all have extensive experience leading globally successful firms, are:

• Helena Morrissey, CEO, Newton and Chair, 皇冠体育app Investment Association
• Inga Beale, CEO, Lloyd鈥檚 of London
• John McFarlane, Chairman, Barclays, and incoming Chairman, 皇冠体育appCityUK
• Nathan Bostock, CEO, Santander UK

Chris Cummings, the CEO of 皇冠体育appCityUK, and Xavier Rolet, CEO, London Stock Exchange Group, will continue in their roles as board members. Sir Gerry Grimstone, Chairman of Standard Life, is also reappointed to the board, this time in the capacity of an external member.

皇冠体育app board has achieved a number of successes over the last two years. 皇冠体育appse include significant progress on the internationalisation of the renminbi (RMB), with the establishment of an RMB clearing bank in London, and the UK government鈥檚 issuance of an RMB 3 billion bond. 皇冠体育app UK has also issued the first sovereign Sukuk outside of the Islamic world.

Chancellor of the Exchequer, George Osborne said:

Cementing Britain鈥檚 position as the centre of global finance is a key part of our long term economic plan. Because it鈥檚 only by harnessing the full potential of our world-class financial services industry that we鈥檒l deliver jobs and growth for the future.

That鈥檚 why I created the Financial Services Trade and Investment Board two years ago, and it鈥檚 why I鈥檝e appointed a set of new members with extensive experience of leading some of the largest financial services firms in the world. I would like to thank all departing members for their valuable contributions.

Sir Gerry Grimstone, Chairman of Standard Life said:

Maintaining Britain鈥檚 position as the global financial centre needs close co-operation between the Treasury, other government departments, and the City. FSTIB has proved to be extremely effective at this and everyone is very pleased that it is being relaunched.

Helena Morrissey, Chair of the Investment Association said:

An innovative, competitive and ethical financial services industry is important for both the whole UK economy and the customers we serve around the world 鈥� and best achieved through a joined up approach between government and business. We can never be complacent and I look forward to playing my part on the FSTIB to help the UK benefit from the opportunities and challenges that lie ahead.

皇冠体育app board will continue to work closely with 皇冠体育appCityUK, who act as the key industry representative and bring together the financial services sector, as well as other industry bodies and with individual firms.

皇冠体育app board will continue to meet every three months, identifying trade and investment priorities within the financial services sector, and report directly to the Chancellor.

Previous members Douglas Flint, Martin Gilbert, Ana Botin, Martin Scicluna and Sir Andrew Cahn have stepped down as part of normal board rotation, having successfully served on the FSTIB for the first two year term. 皇冠体育appy have all provided valuable contributions to the FSTIB programmes, and were critical to the board鈥檚 success.

皇冠体育app FSTIB is chaired by Charles Roxburgh, Director General of financial services at the Treasury. Membership also comprises senior representatives from the Foreign and Commonwealth Office (FCO), UK Trade and Investment (UKTI), and the department for Business, Innovation and Skills (BIS).