FCA and Allica Bank revise teams

The FCA and Allica Bank have made changes to their teams.


The FCA has announced new hires and promotions across its executive committee. 

The regulator body has appointed Stephen Braviner Roman as general counsel member of its executive committee.

Stephen, who is expected to join the regulator in February next year, will oversee the legal advice given to the Home Office, Ministry of Defence, Ministry of Justice, and Department for Culture, Media and Sport.

Currently, he is director of general of litigation, justice and security at the Government Legal Department.

Stephen will take over David Scott, who has been holding the general counsel role on an interim basis while the FCA recruited for a permanent appointee.

David will continue to work at the FCA part-time during a handover period.  

In addition, the FCA has promoted Emily Shepperd to executive director of transformation.

In her new role, she will lead the regulator’s transformation programme, on top of her duties as executive director of authorisation.

Emily will replace Megan Butler, who has announced she will step down from her role in spring next year.

Nikhil Rathi, chief executive at the FCA, said: “Stephen’s extensive experience of advising ministers on such a wide range of legal issues and managing over 1000 lawyers will be invaluable given the scale and variety of the FCA’s remit. 

“I want to thank David for so ably leading the FCA’s legal function on a temporary basis; my colleagues and I have been, and will continue to be over the coming months, grateful for his wise advice.

“Megan has been at the heart of the effort to raise standards in financial services. 

“She was at the forefront of our work to ensure firms’ resilience during the pandemic and her leadership has been invaluable in ensuring that the transformation of the FCA into the innovative, assertive and adaptive regulator we aspire to be is now well progressed. 

“I have hugely appreciated Megan’s experience and advice since joining the FCA; she will leave with my best wishes and the gratitude of the whole organisation.

“Emily has over 20 years’ experience leading significant change initiatives as an executive leader and has made a very positive impact since her arrival at the FCA in March.  

“We welcome her expertise as she takes on a wider remit.”

Megan added: "With transformation now well underway, it is the right time to hand over to Emily and the rest of the talented executive team Nikhil has put together. 

“I will look back at over six years with the regulator with pride. 

“It has been a privilege to work alongside dedicated colleagues determined to shape a better financial services industry, and I look forward to watching and supporting that work as it continues."

Allica Bank

Allica Bank has appointed Emma Lane as head of client relationship management.

In her new role, she will be responsible for the development and performance of its growing UK network of business relationship managers.

Prior to joining the company, Emma held roles at various companies, including Allied Irish Bank and Lloyds Banking Group.

Commenting on her appointment, Emma said: “I am thrilled to be joining Allica at such an exciting and strategically important time in its development and I look forward to playing a powerful part in helping to set a new standard for service in the SME banking market.”

Richard Davies, CEO at Allica Bank, added: “We are delighted to welcome Emma to the Allica team.  

“It’s been great to see her passion for building great relationships with SMEs, helping customers to grow and scale their businesses, and she has a wealth of experience to bring to the role. 

“We are particularly pleased that she joins us at the same time as we open our doors to our customers from AIB.”

In November, Allica Bank announced a £110m Series B funding round led by Atalaya Capital Management, alongside its existing lead investor, Warwick Capital Partners.

It also revealed it agreed to acquire AIB Group’s £600m SME lending book, following AIB’s exit from the UK SME market.

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