PSR confirms the appointment of Sheldon Mills as a new non-executive board director

The PSR today confirms the appointment of Sheldon Mills as non-executive director to its board with immediate effect.

Sheldon was appointed Executive Director, Consumers and Competition at the FCA in December 2020, which includes overseeing policy and supervision of retail financial services, as well as the FCA’s competition market studies and enforcement activities. At the FCA, Sheldon chairs its Executive Regulation and Policy Committee, and he is the executive sponsor for the Consumer Duty and early careers. Sheldon co-chairs the Joint Regulatory Oversight Committee for Open Banking and he co-chaired the Climate Financial Risk Forum with the Bank of England. Sheldon joined the FCA in November 2018.

Previously, as Senior Director at the Competition and Markets Authority (CMA), Sheldon had overall leadership responsibility for the delivery of UK merger control across the entire economy and for the strategic design and implementation of the new UK State Aid regime. He is a qualified solicitor and prior to joining the CMA he practised law at King & Wood Mallesons and Jones Day, counselling a range of UK and international clients in antitrust and competition law.

Commenting on the appointment, Aidene Walsh, Chair of the PSR Board said:

“I’m delighted that Sheldon will be joining the PSR Board. His wealth of experience in competition and consumer focused financial regulation along with outstanding engagement with industry will greatly support the PSR’s strategic priorities and the board at such an important time in UK payments.”