FSCS welcomes three new Non-Executive Directors to its Board
The Financial Services Compensation Scheme (FSCS) today announces the appointments of Andrew Craddock, Tracey McDermott and Mark Suthern as Non-Executive Directors to its Board. They will take up their roles from 01 August 2026.
Together, they bring a broad range of experience across financial services, regulation and governance. Their appointments will further strengthen the FSCS Board.
Commenting on the appointments, Elizabeth Passey, Chair of FSCS, said:
“I’m pleased to welcome Andrew, Tracey and Mark to the FSCS Board. They bring deep experience and insight, which will support our work to deliver an efficient and effective service for customers, provide value for levy payers, and support financial stability by giving consumers confidence, continuity and compensation when financial services firms fail.”
Andrew Craddock said:
“Through my experience in retail financial services, I’ve seen how FSCS helps build trust for depositors and supports confidence in the sector. I look forward to contributing to this work.”
Tracey McDermott said:
“A strong, successful and vibrant financial services industry is vital to support people in making critical savings and investments decisions. The role of FSCS is essential to ensuring that consumers can have confidence in the UK financial services system and I’m pleased to be joining the Board”
Mark Suthern said:
“Working across complex organisations in finance and government has shown me how important FSCS is in supporting trust and stability. I’m pleased to support its work as a member of its Board.”
These appointments come at an important time as FSCS takes forward its five-year strategy for 2026–31, focused on delivering high-quality outcomes for customers, a strong purpose and performance-led culture, and acting as a responsible steward of levy payers’ funds.
FSCS operates independently and is accountable to the UK’s financial regulators, the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA). The FSCS Board of Directors has responsibility for the scheme’s governance and strategic direction. Members of the Board are appointed by the FCA and PRA.
For more information about FSCS visit www.fscs.org.uk.
Media enquiries
Contact: Farah Baldock
Email: publicrelations@fscs.org.uk
Tel: 07730 668 558