The FSA has announced the appointment of Gerard Lemos as the chairman of the Consumer Financial Education Body (CFEB).

Lemos has chaired public and private bodies in financial services, the arts and housing. He is currently chairman of the Lending Standards Board, vice president of the British Board of Film Classification, chair of the Institute of International Visual Arts and non executive director of the Crown Prosecution Service.

Lemos is a partner at social researchers Lemos&Crane where he leads the research team.

CFEB is an independent body, created in April 2010 by the Financial Services Act 2010, responsible for helping consumers understand their finances better. It provides impartial information, education and advice through a national financial advice service.

Hector Sants, FSA chief executive, said: “Gerard is taking up his role at a critical time for the new body as it prepares to set up the national financial advice service