Caroline Rainbird to be new FSCS CEO

Outgoing CEO Mark Neale’s last day will be 3 May 2019 and Caroline’s appointment takes effect from 4 May 2019 for
a period of three years. She also joins the Board of FSCS.


The appointment has been made by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA), who had representatives on the recruitment panel, and approved by HM Treasury.


Prior to joining the FSCS Caroline was Managing Director of Regulatory Affairs (2015-2017) at RBS Plc where she was responsible for defining and delivering the bank’s strategic and proactive engagement and profile with its global regulators, advising the Bank Board and Executive on its regulatory engagement and compliance, as well as monitoring bank-wide upstream regulatory risks and delivering mandatory regulatory change programmes.


Between 2009-2015 she was Director, Corporate Services Division, also at RBS Plc, where she was responsible for the global strategy, operations, service delivery, financial performance and risks of one of the largest cost areas within RBS with c. 2,000 employees across 40 countries and a direct cost budget of £2bn. Her portfolio of responsibilities included Property, Procurement, Security, Business Resilience, Environmental policy and Health and Safety.


Whilst at RBS Caroline was a member of their Sustainable Banking Committee, which had a specific strategic focus on culture, customer, people, brand and ESE areas and was selected to be an active member of the Boards of the Chartered Banker: Professional Standards Board and the BBA.


Between 1995 and 2009 she worked at ABN AMRO as Head of EMEA Structured and Project Finance Group (1995-2001), Executive Director, Business Manager to ABN AMRO Group CAO and CFO (2001- 2003), and Executive Director Head
of Investment Banking Change (2003- 2004). Her final role at ABN AMRO was as Chief Financial Officer, Group Shared Services Division (2004-2009) where she was responsible for the effective and proactive management of the Shared Services’ global cost base.


She started her career with roles at HSBC and the Long-Term Credit Bank of Japan. Caroline holds a BA (Joint Hons.) in History and Economic & Social History from the University of Kent
at Canterbury.