Financial regulator to be head of Christian Aid

by
17 December 2009

by Bill Bowder

Difficult times: Loretta Minghella, cur­rently working in financial services CHRISTIAN AID

Difficult times: Loretta Minghella, cur­rently working in financial services CHRISTIAN AID

THE new director of Christian Aid will be Loretta Minghella, a former lawyer and former legal “enforcer”, writes Bill Bowder. She is currently chief executive of the independent Financial Services Compensation Scheme (FSCS), the compen­sation fund “of last resort”.

Ms Minghella succeeds the present director, Dr Daleep Mukarji, who steps down in April. A spokes­woman for the aid agency said: “He decided a year ago that, when he had completed 12 years, he would move, because he would have been with Christian Aid long enough.”

Ms Minghella was a legal adviser and prosecutor in the Government’s Investigations Division. She was, among other things, head of en­forcement law, policy, and inter­national co-operation at the Financial Services Authority, before becoming CEO of the FSCS five years ago. Last year, the FSCS paid out £21 billion in com­pensation.

Ms Minghella, a committed Christian, said in a statement that Christian Aid had been facing difficult times. She was confident it could move forward, and was at­tracted to its approach to poverty.

“It seeks to address the immediate effects of poverty and natural disaster, and it also looks to help those in poverty to help themselves out of it.”

Dame Anne Owers, who chairs Christian Aid’s trustees, and led the selection panel, said that the new director would “build on the tremendous achievements of Daleep Mukarji”.

Christian Aid faces large-scale redundancies among its 760 UK posts paid from the charity’s general fund, as a result of the financial downturn (News, 16 October).

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