Two Independent members appointed to NMC Investment Committee

1 May 2019

The Nursing and Midwifery Council (NMC) has announced the appointment of Thomasina Findlay and Nick McLeod-Clarke as Independent members of the Council’s Investment Committee

Welcoming Thomasina and Nick, Chair of the Council, 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. 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 as long as possible.

For further information, please visit our Council page.


The Council is the governing body of the NMC; it sets the strategic direction for the organisation and the standards by which registered nurses, midwives and nursing associates must work.

The Council set up the Investment Committee in September 2018 to oversee development of the new Investment policy and to oversee its implementation. The other members of the Committee are Council members: Derek Pretty (Committee Chair); Claire Johnston and Stephen Thornton.

The Council approved a new Investment policy, including an ethical policy, on 27 March 2019. The Investment policy is part of a longer term financial strategy, a key aim of which is to keep registrants’ fees at £120 a year for as long as possible.

Thomasina Findlay

Thomasina is currently an investment consultant, with Portfolio Review Services, a small specialist charity investment consultancy firm which works with charities to review their investment arrangements. Previously, she was Charities Client Director at BlackRock (2003-2014). She had responsibility for setting and reviewing long-term strategy and asset allocation, advising on underlying investment products and options and the ongoing reporting requirements for around 45 charities. Amongst other things, she launched the first passive Global Equity fund which excluded Tobacco.

Nick McLeod-Clarke

Nick is a highly regarded investment manager whose investing career 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, which combines well with his long, hands-on portfolio management experience.


Notes for editors

  1. For media enquiries, please contact NMC press office on 020 7681 5884 or email
  2. The Nursing and Midwifery Council (NMC) is the independent professional regulator for nurses and midwives in the UK. We exist to protect the public. We do this by maintaining the register of qualified nurses and midwives and setting standards of education, training, conduct and performance. We make sure that nurses and midwives keep their skills and knowledge up to date through a regular revalidation process. If concerns are raised about the standards of a registered nurse or midwife, we have a duty to investigate and, where necessary, take action to protect the public.