Number 10 poaches FSCS board member

Author: Alasdair Pal
IFAonline | 02 Nov 2011 | 08:47

Categories: Regulation

Topics: Europe| Citigroup| David Cameron| FSCS| Barclays Capital

fscs-1

Prime minister David Cameron has appointed a former non-executive board member of the Financial Services Compensation Scheme (FSCS) as a senior adviser on Europe and global issues.

Ivan Rogers will leave the FSCS post he has held since June 2009 and take up his appointment as of January 2012.

Mark Neale, chief executive of the FSCS, said Rogers "contributed hugely" to the organisation.

"I would like to take this opportunity to thank him for all his efforts and advice in shaping the FSCS's direction over the past years and wish him luck in his new role," he said.

Alongside his FSCS role, Rogers was also head of the public sector group at Barclays Capital from 2010-11, and previously filled the same position at Citigroup from 2006-10.

Rogers also worked for former Prime Minister Tony Blair as a principal private secretary from 2003-6.

The appointment follows previous incumbent Sir Jon Cunliffe's move to become the UK's Permanent Representative to the European Union.

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Musical chairs & Independance

The f pack many of who are ex or soon to be again bankers or part of the political elite tell small independent people they cannot call themselves Independant. Look at these musical chairs and then tell me who is independent! These are the same people who will claim a longstop where they can and wanted it reduced to 10 years for them while denying us ours. They are all warped in the head in some way or I am.

Posted by: Phil castle

02 Nov 2011 | 09:14
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Number 10 Poaches

This guy seems to be able to walk on water. Worked for Barclays, one of the largest mis sellers of PPI and bonds and a bank which had to run to the middle east for funds or go bust, while at the same time working for the FSCS. Citi bank also had to be bailed out. Conflict of interests springs to mind. Seems to be that as long as you have been a high up in any bank organisation you don't take blame for anything and your services are still sought after in the charmed circles of our establishment.

Posted by: John Smyth

02 Nov 2011 | 10:35
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