Betty Powell, the Securities and Investment Board’s head of
corporate affairs has quit after 11 years with the regulator.
Powell joined SIB in 1986 shortly before it became an official body and
has worked with three chairmen - Sir Kenneth Berrill, Sir David Walker
and Sir Andrew Large. Prior to that she held press relations posts at
the Department of Trade and Industry and the then Department of Health
and Social Security.
At SIB she heads a team of four press officers and a publications
department which produces investor advice literature and SIB’s rule
book. Reporting both to the chief executive Andrew Winkler and deputy
chief executive Michael Blair, Powell was also responsible for providing
PR advice to the chairman.
Although Powell has resigned her full-time position, she will continue
to work for SIB as a part-time consultant until after the General
Election and the appointment of a new chairman. The board is currently
looking for a permanent replacement.
Sir Andrew Large’s five year term is due to end in May and the
Chancellor of the Exchequer and Bank of England governor will then
appoint a successor.
IMRO chief executive Phillip Thorpe is hot favourite for the job
followed by PIA chief Colette Bowe, Richard Farrant of the SFA and
Winkler at SIB.