This appointment has been made ahead of existing chair Tim Parkes standing down at the end of the year. Potter will begin the role at the beginning of November with a short transition period.

Potter has previously been appointed as a senior decision maker for the Guernsey Financial Services Commission in 2018. She has over 30 years of experience as a barrister working in commercial law, specialising in financial services and financial regulatory law.

Bernadette Conroy, FCA non-executive director and chair of the FCA’s Risk Committee, said: “I am delighted to welcome our new RDC and EDC chair. Alison brings with her a wealth of knowledge and experience, including her experience of financial services and decision-making, which will enhance the capability and effectiveness of the RDC and EDC.

“Tim Parkes has provided almost 9 years of outstanding leadership and service as RDC and EDC chair, and I would like to thank him for his commitment and dedication to the important work of the committees.”