The Care Quality Commission (CQC) has appointed former RBS banker Stuart Dean as director of corporate providers and market oversight.

The role, which Dean takes up in May, involves overseeing the financial health of 43 corporate providers, covering around 400 registered services.

Market oversight forms part of the CQC’s new responsibility to oversee the financial health of hard-to-replace care homes, in a bid to prevent them from failing.

Dean was national head of healthcare & pharmaceuticals, corporate banking division at RBS from 2012 until last year. He joined the bank in 2004 as corporate director, specialised lending services – a role which he held for five years.

CQC chief inspector of adult social care Andrea Sutcliff said: “I am really pleased to welcome Stuart who has the right experience and skills to deliver our new market oversight responsibilities.

“Being able to protect people in vulnerable circumstances by spotting if a difficult-to-replace provider may fail and making sure the right action is taken is such an important piece of work. I am looking forward to having Stuart on board and take on this new function.”