The Money and Pensions Service (MaPS) has appointed four new non-executive directors to its board.
The new board member are Marlene Shiels, Monica Kalia, Sara Weller and Simon Hamilton. In this role they will be responsible for providing appropriate oversight, governance and direction to MaPS in pursuit of its statutory objectives
The Money and Pensions Service is an arm’s-length body, sponsored by the Department for Work and Pensions, with a commitment to ensuring people have guidance and access to the information they need to make effective financial decisions over their lifetime.
Marlene Shiels has over 30 years’ experience in the credit sector. She is currently the CEO at the Capital Credit Union and holds a membership role at the HMT Financial Inclusion Policy Forum. She previously held the position of chair of the FCA Smaller Business Practitioner Panel.
Monica Kalia has been recognised by Forbes as one of the top female leaders in fintech and listed as one of the Top 100 Most Influential BAME Leaders in UK Tech by the Financial Times & Inclusive Boards. She has over 25 years’ experience in the financial services sector at the Bank of America, Credit Suisse and Goldman Sachs, and has held non-executive roles at Step Change, where she has been involved in improving financial capability for many people, including women and those from minority backgrounds.
Sara Weller CBE brings with her an extensive background in non-executive roles across the public and private sectors, including a current role at BT Group. She has wide-ranging experience in customer focused operations, including the support and provision to the most vulnerable.
Simon Hamilton has had an executive career of over 30 years in financial services, split between management consulting and strategic leadership roles in three mutuals, including eight years at Nationwide Building Society.
MaPS chair Sir Hector Sants says: “I am delighted to welcome Marlene, Monica, Sara and Simon to the MaPS Board. Between them, they bring a diverse range of experiences across different sectors and their skillsets will help complement the existing expertise across both the MaPS Board and the executive leadership team.
“The strength of the Board will continue to challenge our thinking to find new and innovative ways to improve people’s financial wellbeing.”