Skip to main content
  • This website sets cookies on your device. To find out more about how we use cookies please refer to our Privacy and Cookie Policy. By continuing to use the site, we’ll assume that you are content for us to set these on your device.
  • Close
Home > Prudential Regulation Authority > Practitioner Panel

Practitioner Panel

​The Practitioner Panel is an independent statutory panel required under the Financial Services and Markets Act 2000 to represent the interests of practitioners.

The Prudential Regulation Authority (PRA) has a statutory duty to maintain effective arrangements to consult practitioners and consider their representations. The Panel will consider the policies and practices of the PRA and provide input to the Prudential Regulation Committee in order to help it meet its statutory and operational objectives.

The membership of the Panel is representative of PRA approved persons. Members have been nominated by trade associations, with the composition being broadly representative of how the PRA allocates its resources. Members are independent of the firm and trade association they are drawn from.

The Panel will meet approximately every eight weeks and its members will serve a three year term which is renewable at the discretion of the PRA. For future recruitment, the PRA will consult the relevant trade association(s) to secure nominations for new members.

The Panel has elected its own Chair, Martin Gilbert (CEO of Aberdeen Asset Management) and Deputy Chair, Ashraf Piranie (Finance and Operations Director, West Bromwich Building Society).


The membership of the Panel and the trade association which nominated them is as follows:

UK Finance

  • Francesca McDonagh, Head of Retail and Wealth Management, HSBC
  • Nathan Bostock, Chief Executive Officer, Santander UK
  • James Bardrick, UK Country Officer, Citibank

Association of British Insurers

  • Richard Ward, Chairman, Brit Plc
  • Tim Harris, Group Finance Director, Royal London

Building Societies Association

  • Mark Rennison, Group Director, Nationwide Building Society
  • Ashraf Piranie, Finance and Operations Director, West Bromwich Building Society

Investment Management Association

  • Martin Gilbert, Chief Executive, Aberdeen Asset Management

Association of Foreign Banks

  • Sun Yu, Chief Executive, Bank of China UK

The Wealth Management Association (WMA)

  • Andy Pomfret, WMA Board Director

Mainland UK Credit Unions

  • Robert Kelly, NHS Credit Union

Northern Irish Credit Unions

  • Brian McCrory, Director, Belfast Teachers Credit Unions

The Institute of Chartered Accountants in England and Wales / The Institute of Chartered Accountants of Scotland

   •  Mark Rhys, Banking Partner, Deloitte


Key Resources

​Terms of reference
Adopted 29 November 2013
Annual Report 2017 - Practitioner Panel
06 July 2017