The Financial Conduct Authority has appointed Laura Dawes and Dominic Cashman as director of authorisation and Craig Chapman as finance director.
Dawes is currently the FCA’s enforcement and market oversight division’s interim head of strategy, policy, international and intelligence.
Cashman comes to the regulator from TP ICAP, an interdealer broker, where he most recently served as head of integration and transformation and interim group head of operations. Dawes and Cashman will start their new roles in late April and early May respectively.
Chapman is currently the chief financial officer of RTX RouteTrader, a telecoms-focused fintech. Chapman has worked at ED&F Man, a commodities trader, and Barclays Capital as a senior financial executive. Chapman’s appointment comes after David Godfrey, the FCA’s financial director, announced his retirement.
The FCA has pledged to make the authorisation process more rigorous and efficient, with a greater emphasis on the financials and business models of firms seeking to participate in regulated financial markets. In addition to hiring over 100 new employees, the FCA has altered its authorisation procedure, allowing individual top managers to make more choices rather than committees.
FCA chief operating officer and executive director of authorisations Emily Shepperd says: “I look forward to welcoming Craig, Dominic and Laura to their new roles later this spring. Tackling the risk of consumer harm starts when firms apply to us for authorisation. Dominic and Laura will lead this vital part of the regulatory system. Craig is an experienced chief financial officer who will play a central part in making sure we have the right resources and we’re using them in the best way possible to meet our important objectives.”
