Press release: Tony Hobman joins CFEB as Chief Executive and first Board meeting held

**19 May 2010 **

Tony Hobman joined CFEB on Monday as its first Chief Executive. Previously CEO of the Pensions Regulator, Tony has held a number of senior appointments within financial services, including Barclays Bank, and was the CEO of ProShare, the Money Channel plc and the Occupational Pensions Regulatory Authority.

Addressing CFEB staff on his first day, Tony said: > “I just wanted to say how delighted I am to be joining you in the hugely important task that we have all been entrusted with. We know that improving financial capability and delivering financial education can make a real difference to the quality of so many people’s lives.”

The interim CFEB Board met for the first time today to address procedural and governance matters concerning the creation of CFEB as a legal entity, agreed the signing of a number of our large contracts, and discussed the Memorandum of Understanding we are developing with the FSA.

CFEB Interim Board Members Biographies

Iain Brown Iain has been Company Secretary and Head of Corporate Services Division at the FSA since 2004. His previous career began as a Solicitor in Scotland, and included a period as a Managing Director of a specialist building services company. From 1992 he carried out various legal roles in relation to the creation and later floatation of Railtrack, and when the holding company was placed in Administration he took on the role of Company Secretary/ Head of Legal to the operating Plc between 2001-2004. From 2001-2004 Iain was appointed as member of British Transport Policy Authority which involved oversight of critical organisation in relation to UK Transport and budget of c.£130m; and chaired its Audit Committee from 2002-2004.

Amanda Davidson Amanda Davidson has been a Director of Baigrie Davies, an Independent Financial Adviser, since 2005. Her previous career includes Directorship of Holden Meehan where she was involved in the sale of the business to Bradford & Bingley in 2003. Among other board positions, she was a founding Director of Chase De Vere. Her regulatory experience includes serving on the Board of the Personal Investment Authority from 1999 to 2001. Amanda also served on the Membership and Disciplinary, and Audit Committees of the PIA. She was a member of the FSA’s Regulatory Decisions Committee from 2001 to 2006 and she is a current member of the FSA’s Financial Capability Steering Group. Since 2006, she has been Deputy Chair of the Association of Independent Financial Advisers (AIFA) and a council member since 1999. She is a Governor of Channing School.

Dyfrig John Dyfrig John is a Non-executive Director of the Principality building society, a position held since July 2009. He is former Deputy Chairman and Chief Executive of HSBC Bank plc, with considerable experience developed through a 38 year career in the financial sector. Dyfrig is a Board member of the Wales Millennium Centre. He is also a member of the Advisory Board for Bangor Business School and President of the HSBC Bank UK Pension Association.

Louise MacDonald Louise MacDonald started out as a journalist with local and national tabloids in Scotland and the UK, before moving into new ventures in communications with various statutory and voluntary organisations, specialising in engagement with young people. She is Chief Executive of Young Scot, a Scottish youth information portal. Louise was previously a Trustee of the RSA, and Chair of her local Citizens Advice Bureau.