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Ex-FSA director Sheila Nicoll joins Ernst & Young

Former FSA director of conduct policy Sheila Nicoll has joined Ernst & Young as a senior adviser within the company’s asset management practice.

Nicoll Sheila FSA 480

She will be working with EY clients on public policy and regulatory issues with a specific focus on the UK and Europe.

Nicoll left the regulator in April when it was replaced by the Financial Conduct Authority. While at the FSA she led some of the regulator’s flagship initiatives such as the RDR, the Mortgage Market Review and the funding review of the Financial Services Compensation Scheme.

Prior to joining the FSA, Nicoll was deputy chief executive of the Investment Management Association. Nicoll was also a board member of the European Funds and Asset Management Association and acted as chair of its regulatory policy committee.

EY global head of asset management advisory Alex Birkin says: “We are delighted Sheila has joined us. She has an unrivalled depth of public policy and regulatory experience in the sector, coupled with a pragmatic approach to their application.

“This will be invaluable to our clients as they grapple with the challenges and opportunities that the implementation of European and UK regulations creates for their businesses.”  


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  • Jon T 6th September 2013 at 10:53 am

    Oink oink…

  • D Campbell 6th September 2013 at 10:50 am

    I remember Shiela Nicol being quetioned on the implementation of RDR along with Hector Sants by the TSC. Andrew Tyrie was disturbed that as a result of RDR people would loose their jobs, not just IFAs but their support staff. He asked Ms Nicol about this and she smirked that as a result of RDR,the very nature of it would mean that certain individuals wouldnt make the journey. Mr Tyrie then asked her did she find it funny that people would loose their jobs as aresult of RDR. This woman along with her sidekick Mr Sants have went on to bigger and better things while the rest of us are left to pick up the pieces of the abomination that is RDR !

  • Stuart Duncan 6th September 2013 at 10:39 am

    I feel so proud to have helped fund the career development of this person. She didn’t even leave a six-month gap…..
    Sorry for the cynicism!


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