Former FCA chief joins Standard Chartered

Standard Chartered Bank Hong KongTracey McDermott will join Standard Chartered as group head of corporate, public and regulatory affairs on March 20 in London. The former acting chief executive of the Financial Conduct Authority (FCA) from September 2015 until June 2016 will report to Bill Winters, group chief executive of the bank, and she will also join Standard Chartered’s global management team. Prior to being acting chief executive of the FCA, McDermott held other senior roles at the city watchdog. These included director of supervision and authorisations and director of enforcement and financial crime. She was a member of the FCA’s board from April 2013 and also on the Bank of England’s financial policy committee.Steve Atkinson, currently group head of corporate affairs, will take up a new role as Bill Winters’ chief of staff with effect from March 20. Winters said McDermott has played a “critical” role in shaping and changing behaviours in the UK financial sector. In this role, McDermott will be responsible for global public affairs, sustainability and communications operations. ©2017 funds europe

Sponsored Profiles

SPONSORED FEATURE: Alternative thinking

Mar 16, 2017

Portfolio Manager Davide Cataldo discusses the results of the Pioneer Investments’ survey on liquid alternatives and how investors can be encouraged to increase their allocation.

SPONSORED FEATURE: Interest rate risk hedging: Swapping to other options

Mar 16, 2017

Heightened margin requirements for cleared and uncleared OTC derivatives pose a challenge for legitimate hedging activities and are driving financial institutions to explore alternative hedging...

SPONSORED FEATURE: Why blockchain could be the fund industry’s next Ford Model T

Mar 16, 2017

Blockchain aims to radically change the way investors can access funds, says Olivier Portenseigne, Managing Director and Chief Commercial Officer of Fundsquare.

SPONSORED FEATURE: Open architecture: In need of protection

Mar 16, 2017

Greater efficiency must be embraced to ensure regulatory changes do not destroy choice for fund buyers, says Bernard Tancré of Clearstream.

Executive Interviews

INTERVIEW: Finding managers that can (and do)

Apr 18, 2017

Fabrice Kremer, a fund selector at Banque de Luxembourg Investments, has berated fundamental managers for failing to beat indices, but he remains committed to active funds. He speaks to Nick...

JERSEY INTERVIEW: ‘A steady sort of place’

Mar 21, 2017

The chief executive of Jersey Finance is keen to portray the island as a stable, trustworthy jurisdiction. He talks to George Mitton.

Roundtables

ROUNDTABLE: The issue is perception

Mar 21, 2017

Our panel discuss tax transparency, the elegance of private placement and why Jersey could do more to promote itself. Chaired by Tom Cowsill in Saint Helier.

ASSET SERVICING ROUNDTABLE: Under pressure

Mar 07, 2017

Funds Europe speaks to leading Luxembourg industry figures about the growing regulatory demands on asset servicers and how to remain profitable in spite of major investments in technology.