Hm Treasury
Mr Zhang has extensive experience within financial services, particularly within Fintech, Digital Transformation, and Open Banking. He is a Co-Founder and the Executive Director of the Cambridge Centre for Alternative Finance (CCAF) at the University of Cambridge Judge Business School; he will take up a role as Non-Executive Director on Monday 19 February 2024 serving an initial three-year term.
The Economic Secretary to the Treasury, Bim Afolami, said:
Ensuring that regulation keeps pace with technological developments is crucial to supporting innovation and competition in the financial services sector, whilst also ensuring that consumers are appropriately protected.
I am therefore delighted with the appointment of Bryan Zhang to the Board of theFCA. Bryan has demonstrated expertise in technology-driven innovation in financial regulation, which will be of significant benefit to the FCA Board.
FCA Chair Ashley Alder said:
Bryan brings with him a wealth of experience working at the forefront of innovation. I know he will be an important asset to the board and his expertise will help the FCA keep pace with an ever-evolving landscape.
Further Information
- The Financial Conduct Authority is the conduct regulator for around 45,000 financial services firms and financial markets in the UK.
- Under the Financial Services and Markets Act 2000, HM Treasury is responsible for appointing the members of theFCABoard.
- The FCA Board is responsible for setting the organisations strategic direction, making key policy decisions, and holding the FCA executive to account.
- Appointments and reappointments to theFCABoard are regulated by the Office of the Commissioner for Public Appointments.
- All appointments are made on merit and political activity plays no part in the selection process. However, in accordance with the Governance Code on Appointments there is a requirement for appointees political activity (if any is declared) to be made public. Bryan Zhang has not engaged in any political activity in t