CISI appoints new chief executive

Tracy Vegro OBE will commence with the CISI on 5 September 2022, taking over from the Institute’s outgoing chief executive Simon Culhane, Chartered FCSI

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The CISI has announced that Tracy Vegro OBE has been appointed as the Institute’s new chief executive.

Currently the executive director for strategy and innovation at the Solicitors Regulation Authority (SRA), Tracy leads on delivering the SRA’s corporate strategy. As part of her portfolio, she heads up the innovation, regulatory and education policy and the research and analysis teams. She is also the SRA’s executive sponsor for mental health and wellbeing.

Prior to joining the SRA Tracy was executive director for strategy and resources at the Financial Reporting Council (FRC), the accounting, audit and corporate governance regulator. Alongside her responsibilities on the FRC’s executive committee, her role included leading the strategy and resources, risk, HR, communications and economics teams. She was the FRC’s diversity champion and led on initiatives aimed at boosting diversity on FTSE boards. She was awarded an OBE in the 2020 New Year Honours list for services to business and diversity.

Commenting on the appointment, CISI chair Michael Cole-Fontayn MCSI said: “We are delighted to welcome Tracy as our new chief executive. Her skillset and experience working across both the corporate, regulatory and public sectors is exemplary. Her guidance and leadership are important now as we move the CISI to its next stage of development. We look forward to introducing Tracy to our members, firms, volunteers and all CISI stakeholders.”

Tracy said: “I am excited by the challenge of contributing my ideas and energy to leading the CISI into its fourth decade and look forward to working with Michael, the board and all the Institute’s staff, volunteers, and stakeholders.”

Before taking executive roles at the SRA and FRC, Tracy was a senior civil servant in Whitehall. She began as a new graduate, gaining wide experience of developing strategy and policy, delivering new legislation and major public policy campaigns in key economic sectors, including competition policy, company law, financial services energy and equalities legislation.

As a civil servant, she was selected for the High Potential Development Programme, taking up several secondments in the private sector including to the Co-operative Group, where she worked on the Co-operative Bank recapitalisation. Tracy stayed on for a further year at the Group to implement wider governance reforms following the late Lord Myners’ review of its corporate governance. Her earlier spells out of Whitehall included time overseas in New York and Paris.

Tracy is a member of the Cabinet Office’s Major Project Leadership Academy (MPLA) and an alumni member of the Department of Business, Energy and Industrial Strategy network, Oxford University Said Business School, and City of London Corporation’s Leaders of Tomorrow alumni groups.

Published: 16 Jun 2022
Categories:
  • Training, Competence and Culture
  • International regulation
  • Bonds
  • Operations
  • Risk
  • Fintech
  • Wealth Management
  • Community
  • Financial Planning
Tags:
  • Tracy Vegro OBE
  • Simon Culhane
  • Michael Cole-Fontayn
  • diversity
  • CISI CEO

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