Two new members have joined the think-tank set up to advise Government on financial stability.

Dame Amelia Fawcett and Gil Tucker have both been added to the Financial Policy Council.

Bob Richards, the Finance Minister, who is also chairman of the council, said: “Since its inception last year the council has been developing an important role in advising the Government and the Bermuda Monetary Authority on the vulnerabilities and risks in the global economy and the Bermuda economy that might impact Bermuda’s financial sector.

“Dame Amelia and Gil will bring extensive experience and wisdom to the council’s work.”

Dame Amelia, a British and American national, is a former banking executive and chairman of the Hedge Fund Standards Board in London and a non-executive director and chairman of the risk committee of State Street Corporation in Boston.

She is a former vice-chairman and chief operating officer at Morgan Stanley International in Europe and was also chairman of the Guardian Media Group.

Dame Amelia is chairman of the Prince of Wales’ Charitable Foundation and deputy chairman and member of the governing body of the London Business School.

Mr Tucker, a chartered accountant, was managing partner for Bermuda with professional services firm Ernst & Young and later chairman.

Although retired, he is active on a number of boards, including Government advisory boards and was three years ago made a Fellow of the Institute of Chartered Accountants of Bermuda.

The two new appointees will join Sir Andrew Large, who acts as deputy chairman, Jeremy Cox, the Bermuda Monetary Authority CEO, Sir Courtney Blackman and Michael Butt on the council.