FCA adds to its authorisation roles

April 6, 2022
FCA adds to its authorisation roles

The Financial Conduct Authority adds to its authorisation roles with the appointment of two new directors.

The FCA has announced that it has promoted Laura Dawes and hired Dominic Cashman to work in two new director of authorisations roles.

They will start their new roles in around four weeks.

Dawes has been interim director of strategy, policy, international and intelligence in the FCA’s enforcement and market oversight division since January 2021.

She was previously head of department for retail and regulatory investigations, bringing with her substantial regulatory experience.

Before joining the FCA in 2011 Dawes worked as a barrister.

Cashman joins the regulator from TP ICAP, an interdealer broker, where he was most recently head of integration and transformation and, previously, interim group head of operations.

Additionally, Craig Chapman will join the FCA as finance director in May.

Craig is currently chief financial officer at RTX RouteTrader, a fintech operating in the telecoms sector.

Before that, Chapman held senior finance roles at ED&F Man, a commodities trader, and Barclays Capital.

His appointment follows the retirement of David Godfrey as the FCA’s finance director.

FCA chief operating officer and executive director of authorisations Emily Shepperd says: “I look forward to welcoming Craig, Dominic and Laura to their new roles later this spring.”

Tackling the risk of consumer harm starts when firms apply to us for authorisation. Dominic and Laura will lead this vital part of the regulatory system.

“Craig is an experienced chief financial officer who will play a central part in making sure we have the right resources and we’re using them in the best way possible to meet our important objectives.”

This regulatory team will hopefully work to identify and target scammers as there have been an increase in online fraud for a number of years running. When dealing with any investment company it is recommended that you go the FCA website to see whether the company you are dealing with is regulated. The FCA covers investments and mortgage finance. However property is excluded from their regulation. The Property Ombudsman and the Property Redress Scheme are the two redress schemes which oversee property companies. Any company which sells property must be governed by one of the redress schemes. Esper wealth is a member of the Property redress scheme. You can see our membership details here.

Unfortunately property is not regulated to the same degree as financial products which come under the regulation of the FCA. As a company, we have adopted some of the processes that is used by chartered financial planners to hold ourselves more accountable for the advice which we give.

Esper Wealth offers all prospective investors a free investment review. This review will help us to know more about your risk profile and financial objectives. We can use this to match the best products for your investment needs.

At Esper Wealth we work directly with FCA regulated companies who will be happy to provide you with mortgage and investment advice. Find out more at Funding Solutions.