PRA board sees two new members

The Court of Directors of the Bank, with the approval of the Chancellor of the Exchequer, has appointed David Belsham, who is retiring as an Executive Director of the Prudential PLC’s UK and European subsidiaries, as an independent member of the Board, effective 1 May 2015. In addition, Rosalind Gilmore has announced her intention to step down as an independent member of the Board from 30 September.

Mark Carney, Governor of the Bank and Chair of the PRA Board said:

“I am delighted that David Belsham will be joining the Board as an independent member early next year. The Board will greatly benefit from his deep insurance sector expertise and experience. I am also very grateful to Rosalind for her important contribution to the PRA Board since April 2013. She has been an invaluable source of sound advice and keen judgment, drawing on her vast experience in financial regulation. I thank her for her service and wish her the very best for the future.”