The UK’s Financial Conduct Authority (FCA) has appointed Sacha Sadan to serve as its Director of Environment, Social and Governance (ESG). Ian Alderton has been appointed by the financial regulator as Chief Information Officer while Ian Phoenix will work as Director, Intelligence and Digital.
Nikhil Rathi, Chief Executive of the FCA, remarked:
“The FCA is rightly seen as an international leader on the role financial regulation should play in delivering a more sustainable and greener future. We welcome the recent addition to our remit of a requirement to have regard to the UK target of net zero carbon emissions. I am delighted to have someone of Sacha’s experience and insight joining us to help us accelerate this important work.”
Sacha Sadan stated:
“I’m delighted to join the FCA to help promote the UK as a global financial leader in ESG. Throughout my career as an asset owner, fund manager and global stewardship director I’ve focused on the protection of consumer interests and responsible capitalism. I look forward to using my experience to help pursue these key objectives at the FCA.”
Sadan, who previously worked at Legal and Genal Investment Management, will be responsible for developing and supporting the FCA’s approach to sustainable finance locally and internationally as well.
In March 2021, the FCA had reportedly been requested to “have regard to the government’s commitment to achieve a net-zero economy by 2050,” in its letter of recommendations from the Chancellor of the Exchequer.
Alderton, who will be serving as CIO has taken on a permanent role after joining on a temporary basis back in January. He will be responsible for leading efforts related to making the FCA more data-oriented as it continues to regulate the 60,000 companies under its remit.
Phoenix will be responsible for supporting the enhancement of the regulator’s intelligence and surveillance capabilities. He will also be leading digital work in order to effectively address harmful or abusive online activity.