Andy Briscoe has been appointed chair of the Money Advice Service.
A panel comprised of representatives from the Financial Conduct Authority (FCA), HM Treasury and Money Advice Service board members said they selected Briscoe on the basis of his boardroom experience, his 27 years in the financial services industry and because of the complementary skills he offers to those of Money Advice Service CEO, Caroline Rookes.
Briscoe is currently chairman of The Policy Shop, a general insurance intermediary. Previously, he was CEO of Life Trust Holdings and managing director of AA Insurance, before acting as an advisor for Carlyle Group in its successful bid for RAC.
Briscoe’s appointment was confirmed at a meeting of the FCA Board last week. He will take up the two-day-a-week role on 27 September 2013, when the outgoing chairman Gerard Lemos stands down.
John Griffith-Jones, FCA chairman, said: “Andy’s significant experience in boardrooms, as well as his knowledge of the financial services made him an outstanding candidate. It is a great benefit to have a chair who knows how the industry works and who can lead the Money Advice Service forward as it provides advice to consumers across the UK and co-ordinates the provision of debt advice by other bodies.”
Briscoe added: “In these tough economic times, some people are facing financial problems and anxiety. So this is an important time for me to be joining the Money Advice Service as chairman.
“I am excited to have the opportunity to help consumers better understand the options available to them, and through planning their finances, to help everyone to make the most of their money.”