Sir Winfried Bischoff joins the FRC as new Chairman
News types: Staff/Board Announcements
Published: 1 May 2014
Gay Huey Evans takes up her role as Deputy Chairman at the same time.
Sir Win joins the FRC from Lloyds Banking Group where he served as Chairman from 2009. Sir Win has substantial experience of leading complex international boards in the UK, Asia and the US. His background spans a range of sectors, including banking and capital markets, finance and government, regulation and public policy.
Speaking about his new role at the FRC Sir Win Bischoff said:
“The FRC’s work is of vital importance to the UK economy. Companies and Boards already respond very thoughtfully to investor concerns on issues that the FRC oversees, including accounting policy, governance and pay. One of the things I will focus on is stewardship and governance to support the UK’s position as a global financial centre which is transparent and deals with investors fairly. I would like to pay tribute to my predecessor, Baroness Hogg, who led the FRC Board through its reform process and established the solid foundations on which the management team led by our CEO, Stephen Haddrill, and the constituent Committees expect to build in cementing the FRC's role in fostering investment.”
Notes to editors:
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The FRC is responsible for promoting high quality corporate governance and reporting to foster investment. We set the UK Corporate Governance and Stewardship Codes as well as UK standards for accounting, auditing and actuarial work. We represent UK interests in international standard-setting. We monitor and take action to promote the quality of corporate reporting and auditing. We operate independent disciplinary arrangements for accountants and actuaries; and oversee the regulatory activities of the accountancy and actuarial professional bodies.
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Sir Win is a Non-Executive Director of The McGraw Hill Companies Inc., and is Chairman of the Advisory Council of TheCityUK. Sir Win was appointed Chairman of Citigroup Europe in 2000. He became the acting Chief Executive Officer of Citigroup Inc. in 2007 and was subsequently appointed as Chairman in the same year until his retirement in February 2009. Prior to this, he was the Group Chief Executive and then Chairman of Schroders.