The Chancellor of the Exchequer, Jeremy Hunt, has appointed Liz Oakes as an external member of the Financial Policy Committee (FPC). Her appointment fills the role previously filled by Elisabeth Stheeman. She will serve a three-year term, which will begin on 3 June.
Ms Oakes joins the FPC following a long career in the financial services sector focussing on payments. She has held a number of executive and board level roles in financial and professional services firms, including global positions leading strategy, market and product development.
The Chancellor has also reappointed Carolyn Wilkins for a second term on the FPC beginning on 21 June 2024. Carolyn has 20 years of experience in central banking, most recently as Senior Deputy Governor at the Bank of Canada.
