Council of Mortgage Lenders
The Council of Mortgage Lenders (CML) has confirmed Clive Wood will be its new chairman. Currently head of banking and mortgages at HSBC, Wood joined HSBC on leaving university in 1977. In this time he has worked in investment banking, compliance, stockbroking and bancassurance compliance. He took up his present position in July 2001.
Wood said: ‘Regulatory changes are on their way and European initiatives will also loom large. My job will be to help the industry respond to these challenges and to maintain the UK’s acknowledged position as the most innovative and dynamic mortgage market in Europe.’
Financial Services Authority (FSA)
The FSA has appointed Sue Slipman, OBE, as the chairman of the board of the Financial Ombudsman Service (FOS). The board runs the single Ombudsman scheme which was set up by the FSA under the Financial Services and Markets Act 2000 to deal with complaints against the financial services sector.
Slipman joins the FOS from Camelot Group, where she was responsible for environmental and social responsibility. Prior to this she was director of the Gas Consumer Council.
Howard Davies, chairman of the FSA, said: ‘The FOS has established itself as an effective dispute resolution service and I have every confidence Sue, with her wealth of expertise and experience, will take the work of the service forwards in meeting its obligations in the face of changing markets.’