Trevor Matthews to chair FSSC

The news comes just days after a panel of ministers endorsed the FSSC's new strategy, awarding a renewed licence to the organisation, which helps UK businesses achieve global competitiveness through investment in skills.

A respected figure in the international financial services community, Matthews is chief executive officer of Friends Provident and immediate past president of the Chartered Insurance Institute. During his six years holding top level roles within the UK life and pensions sector, he has been an active advocate for developing skills, increasing professionalism and promoting career opportunities in the financial services sector.

Trevor Matthews commented: "Today's economy is overwhelmingly driven by the knowledge and skills of individuals, and nowhere more so than in finance, accountancy and financial services. By working in full partnership with employers, professional bodies and education providers, we will ensure the sector is able to attract the talent and develop the skills needed to remain the world's leading financial services centre."

Roy Leighton, who stepped down as Chairman this week, having steered the FSSC's strategic review and it's relicensing, said: "I'm delighted that Trevor agreed to chair the FSSC to guide it through its next stage of development. Finance is a people business and Trevor is totally committed to the importance of having a skilled workforce in our industry."

The FSSC Board, formed to represent the sectors and regions covered by the FSSC, includes:

John Tiner, CEO Resolution Group

Angela Knight, CEO British Bankers Association

John Gill, MD Standard Life

Paul Boyle, former CEO Financial Reporting Council

Brendan Nelson, Vice Chairman KPMG

Gareth Marr, MD The Red House