Consumer Duty: Fund Governance and the Role of the CD Champion
21 September 2023
2-3pm
Over the next year, FBC plans to address the specific implications of Consumer Duty on fund board governance and the role of Consumer Duty champions, many of whom are fund board directors.
In the first instance, FBC will be hosting a meeting of CD champions, exclusively drawn from FBC’s corporate membership. This meeting on the 21st of September will be chaired by Frank Johnson, the iNED chair of the First Sentier fund board and CD champion and moderated by FBC senior adviser Simon Hynes.
FBC expects to significant regulatory engagement during its deliberations on this important topic.
This digital event is by invite only. If you would like further information, please get in touch at contact@fundboards.org.
Contributors
Aidan is a Manager in the FCA’s Asset Management & Funds Department. He joined the regulator in January 2012 and over the past 11+ years, Aidan has worked with and supervised some of the UK’s largest asset management firms, has managed several cross-firm projects. In addition, as the former portfolio lead, he was responsible for developing the FCA’s asset management supervisory strategy.
His team works with around 35 large asset management firms, working proactively, reactively and thematically on ensuring key risks of harm are identified, monitored and mitigated.
Aidan has an MSc in Finance and Economic Development and an MA in Economics. Prior to joining the regulator, he spent five+ years working for a US investment bank in a middle office and latterly, a trading and sales capacity.
Prior to joining the regulator, Michelle has previous financial services industry experience having spent many years working in the Wealth Management / Advisory sector where she was also a SMF16. Michelle has also worked at a bank owned fund manager, and at one of the Big 4 accountancy firms in their Risk Advisory division.
Anu has an MBA in Strategy, LLB and BSc. Prior to joining the Asset Management & Funds Department, Anu worked across the FCA in Authorisation, Policy and Enforcement. Anu also brings wealth of industry experience. He worked in various consultancies including one of the Big Four accountancy firms in their Capital and Banking division. His clients included variety of firms in the financial, and healthcare sectors.
From 2004 to 2015 I worked at RAILPEN, initially as Finance Director and subsequently as Managing Director, Investments, supporting the trustee of the multi-employer rail industry pension schemes. I oversaw the investment business stream of RAILPEN, with assets under management at that time of over £20 billion. Before joining RAILPEN, I held a number of finance director posts in the transport sector. (this sentence is just moved from the very end)
I am a chartered accountant and hold a Commerce degree.
His UK AFM board experience saw detailed involvement in Assessment of Value, PROD and other regulatory initiatives. He also built LGIM’s Retail sales presence in Europe and was integral to the development of its ETF business. This gave a fascinating insight into the work of European fund regulators and increased his latent enthusiasm for sharing best practice in fund governance.
Since 2020 Simon has served as a non executive director for NedGroup Investments and today also represents Circa5000 and Irwin Mitchell Asset Management in similar non exec roles.
