Executive committees | FCA

Executive committees | FCA
Executive committees
First published:
31/03/2016
05/12/2025
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Find out more about our executive committee members and how our management structure operates to ensure markets work well.
Executive Committee
Members
Executive Finance and Delivery Committee
Executive Regulation and Policy Committee
Executive Committee
The Executive Committee (ExCo) oversees our general strategy, direction and activities, including delivery of the annual work programme. It's responsible for monitoring the direction and performance of the organisation within the strategic framework set by the Board.
Members
Stephen Braviner Roman – General Counsel and Chief Risk Officer
Therese Chambers – Joint Executive Director of Enforcement and Market Oversight
Therese Chambers began her career in private practice in the City as a commercial litigator. She has spent 20 years in UK regulatory enforcement at the FCA and FSA, running investigations and conducting litigation in relation to some of the most high profile, complex and challenging regulatory enforcement cases. She is an acknowledged expert on UK financial services regulation and her experience and expertise covers the full range of the FCA’s jurisdiction. Therese is the joint Executive Director of Enforcement and Market Oversight, which brings together the FCA’s investigation, enforcement, intelligence and market oversight functions.
Previously Therese has been the Director for Retail & Regulatory Investigations, responsible for the FCA’s retail investigations portfolio, which included anti-money laundering, pension scams and mis-selling investigations. She has also held the position of Director of Consumer Investments, responsible for leading the FCA’s work to protect consumers from the harm caused by scams, poor investments and unsuitable investment advice. During that time Therese was also responsible for the delivery of the FCA’s Consumer Investments Strategy.
David Geale – Executive Director, Payments and Digital Finance, and Managing Director, Payment Systems Regulator (PSR)
David Geale was appointed permanent executive director for payments and digital finance, and managing director of the Payment Systems Regulator (PSR) in May 2025.
He is responsible for helping deliver the National Payments Vision and driving the FCA’s work on open banking and digital finance. David will also play a key role in the work to consolidate the PSR into the FCA. He is also responsible for supervising payments and cryptoasset firms.
David was previously director of retail banking at the FCA. He has worked at the FCA and its predecessor, the FSA, for more than 20 years, carrying out roles in policy and supervision. He was involved in leading and delivering policies such as the Retail Distribution Review and policy changes during the UK’s exit from the European Union.
More recently, David has led the FCA's work on developing a regime for cryptoassets as well as savings rates and reforming the mortgage market as set out in the FCA's letter to the Prime Minister on growth.
David had been the managing director of the PSR since June 2024.
Sheree Howard – Executive Director, Authorisations and interim Chief Operations Officer
As Executive Director, Sheree Howard oversees Authorisations for firms and individuals applying to carry out regulated financial services activity, as well as the Supervision Hub which acts as first point of call into the FCA for consumers and firms.
Sheree is also currently interim joint Chief Operating Officer (COO), overseeing finance, and co-leading cross-cutting operational matters.
Prior to this, Sheree was Executive Director of Risk and Compliance Oversight (R&CO) from September 2019 to April 2024.
Sheree joined the FCA as a Senior Adviser in December 2017 after more than 25 years in financial services in the insurance and banking sectors. During this time, she held a range of senior roles and gained valuable experience of pricing, acquisitions, divestment, risk and compliance alongside the more traditional actuarial roles.
In 2023 Sheree was appointed as a Gambling Commissioner, and since April 2024, has been Chair of the Audit and Risk Committee.
Sheree has been a Fellow of the Institute and Faculty of Actuaries since 1994.
Sarah Pritchard – Deputy Chief Executive
Sarah has been the FCA’s Deputy Chief Executive since June 2025. As part of this role, she deputises for Nikhil, has responsibility for the Communications, Strategy and Economics Directorates within the Operations division, and chairs the Executive Finance and Delivery Committee (EFDC).
She also co-leads the FCA's Supervision, Policy and Competition (SPC) division and is the Executive Director of Consumers and Competition. Specifically, she has oversight of the Consumer Finance, Insurance, Cross-cutting Policy & Strategy, and Competition directorates (as well as Executive Director oversight of Sustainable Finance) and chairs the Executive Regulation and Policy Committee (ERPC).
Additionally, Sarah is the Executive Director for International, leading our international priorities in support of the FCA strategy. Moreover, Sarah provides executive sponsorship for the FCA's Edinburgh office.
Prior to joining the FCA in 2021, Sarah was the Director of the National Economic Crime Centre (NECC), delivering UK system leadership on economic crime. Before then, she was General Counsel/Legal Director for the National Crime Agency as well as leading the NCA's transformational people programme.
Sarah’s career has involved stints in investigative, operational and legal roles in a range of government departments and the private sector. She has led global financial crime compliance and reputational risk teams at HSBC and qualified as a commercial litigator with Dechert LLP.
Nikhil Rathi – Chief Executive and Executive FCA Board member
Nikhil was appointed Chief Executive of the FCA on 1 October 2020.
He began his career in HM Treasury before serving as Private Secretary to the Prime Minister between 2005 – 2008. Nikhil then became Head of the Financial Stability Unit, overseeing a number of the UK’s financial stability interventions before becoming HM Treasury’s Director of the Financial Services Group from 2009 – 2014. In that role, he also served as the UK representative to the EU Financial Services Committee.
Nikhil joined the London Stock Exchange (LSE) in 2014, and was appointed CEO in 2015.
Nikhil holds a BA in philosophy, politics and economics from the University of Oxford.
Jessica Rusu – Chief Data, Information and Intelligence Officer (CDIIO)
Jessica was appointed as the FCA’s first CDIIO in 2021.
Jessica leads the FCA's newly formed Data, Technology, and Innovation division, bringing together oversight of all FCA regulatory systems, including RegData, technology, including cloud, enterprise, and digital infrastructure, and Innovation Services, including the Regulatory and Digital Sandbox services.
The use of data, intelligence, information, and technology supports the FCA’s transformation to become a data regulator of the future.
Before joining the FCA, Jessica has 20 years of experience in analytics, risk management, and finance roles. Jessica’s previous roles included Chief Data Officer at Chetwood Financial, Senior Director of Finance & Analytics at eBay, and Head of Stress Testing and Analytics at GE Capital.
Siobhán Sheridan CBE, CCIPD – Chief People Officer and interim Chief Operations Officer
Siobhán was appointed as the Chief People Officer in March 2021. She works with the Executive Committee and Board leading the FCA’s People Strategy; developing all our colleagues to ensure the FCA has the talent, skills and capabilities we require for the future.
Siobhán chairs our Diversity, Equity and Inclusion programme board, implementing the FCA Strategy to ensure we are a diverse and inclusive organisation.
Siobhán was appointed interim Chief Operations Officer from September 2025.
Prior to joining the FCA, Siobhán was the Civilian Human Resources Director in the Ministry of Defence, and has held a range of senior HR roles across the private, public and third sectors. Her career has included being HR Director in Defra and the Department for Work and Pensions, as well as a range of business and HR roles in financial services for the first 20 years of her career.
Siobhán holds Masters' degrees in coaching and mentoring and organisational change, is a Chartered Companion of the CIPD and was awarded a CBE in 2020. She has volunteered extensively in her career including trustee and voluntary roles with the Mental Health Foundation, Crisis and the CIPD.
Siobhan is a non-voting ExCo member.
Steve Smart – Joint Executive Director of Enforcement and Market Oversight
Steve has had a career spanning 30 years working within government against a range of national security threats. For the majority of that time he was focused on the threats from terrorism, extremism and hostile states. More recently, as the Director of Intelligence at the National Crime Agency, he has helped lead the fight against Serious Organised Crime.
He has built and led proactive investigative and intelligence functions in a number of organisations, including 2 years in a major banking group. He has extensive experience of working with partners in the police, wider law enforcement and intelligence agencies both in the UK and overseas.
Steve was awarded an OBE in 2003.
Executive Finance and Delivery Committee
The main role and purpose of the Executive Finance and Delivery Committee (EFDC) is to oversee and take decisions on spending on projects, programmes and cross-cutting strategic initiatives, and to provide assurance to ExCo and the Board that they are delivering.
Executive Regulation and Policy Committee
The Executive Regulation and Policy Committee (ERPC) is responsible for executive decision making on policy decisions and regulatory issues.
Read next
Diary engagements
Disclosure of directorships and other positions for the Board and Executive Committee (PDF)
Disclosure of financial interests for the Board and Executive Committee (PDF)
05/12/2025
Information changed
removed Sheldon Mills' bio
27/10/2025
Information added
Siobhán Sheridan and Sheree Howard become joint interim Chief Operations officer.
21/10/2025
Information changed
Updates to Sheree and Siobhan's bios.
17/10/2025
Information changed
Removing Emily Shepperd as COO
24/06/2025
Information added
David Geale added to page.
08/04/2025
Editorial amendment
Update to reflect publication of annual work programme 2025/26.
01/04/2025
Information changed
Sarah Pritchard biography updated
17/03/2023
Information changed
Executive Diversity Committee is no longer in use
20/07/2022
Editorial amendment
Updates to page features for website refresh.
22/12/2021
Link added
More Executive Committee information added to right hand navigation.
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Executive Committee
Members
Executive Finance and Delivery Committee
Executive Regulation and Policy Committee
Who we are
FCA Board
Chair
Chief Executive
Committees
Allowances and expenses