Paul Stockton, group finance director of Rathbone Brothers, has been named as a non-executive director of the Financial Services Compensation Scheme (FSCS).
Stockton was appointed to the board by the Financial Services Authority (FSA) on December 1 and has been lauded for his sector experience.
Adair Turner, chairman at the FSA, says Stockton has “valuable experience” which will “greatly benefit” the consumer body.
David Hall, chairman of the FSCS, says: “His wealth of experience in finance, financial services and consumer issues will be invaluable at a crucial time in the Scheme’s development. He is an excellent addition to a strong team.”
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