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NMC appoints finance experts to oversee investment policy

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Two independent members have been appointed to the Nursing and Midwifery Council’s investment committee as part of work to keep registrant fees the same price, it has been announced.

Thomasina Findlay and Nick McLeod-Clarke have today been welcomed by the regulator in their new roles.

The pair will work as part of the council’s investment committee, which was set up in 2018 to help implement a new investment policy.

“Thomasina and Nick bring a wealth of expertise and acumen which will be of valuable assistance”

Philip Graf

A key aim of the policy is to keep registrant fees at £120 for as long as possible.

The new policy, which also includes an ethical policy, was approved by the council in March and comes as part of a longer-term financial strategy.

On their appointment, NMC chair, Philip Graf said: “Thomasina and Nick bring a wealth of expertise and acumen which will be of valuable assistance as we implement our new investment policy.

Nursing and Midwifery Council

NMC chair

Philip Graf

“Their help will be invaluable in supporting us to ensure we make the most effective use of the income we receive from registrants and help keep the fee at £120 for as long as possible.”

The pair will join other members of the committee which includes council members: committee chair, Derek Pretty, Claire Johnston and Stephen Thornton.

Ms Findlay currently works as an investment consultant at a small specialist charity investment consultancy firm called Portfolio Review Services and used to be a charities client director at BlackRock from 2003 to 2014.

Her previous responsibilities included setting and reviewing long-term strategy and asset allocation. She advised on underlying investment products and options and ongoing reporting requirements for around 45 charities.

Amongst other things, Ms Findlay also launched the first passive Global Equity fund which excluded Tobacco.

Mr McLeod-Clarke is known as a highly regarded investment manager whose investing career has spanned over three decades.

He was a UK Equity specialist and was latterly head of both the Investment Trust and Charities businesses at BlackRock where he worked for over 17 years until his departure in March of last year.

This business role encompassed responsibility for relationships and business development.

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  • More highly paid roles ...

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