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FCA’s McDermott awarded Queen’s honours

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  • 13/06/2016
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FCA’s McDermott awarded Queen’s honours
Acting chief executive of the Financial Conduct Authority (FCA), Tracey McDermott, has been named on the Queen’s 90th birthday honours list.

She was awarded the honours for services to financial services consumers and markets.

McDermott took up the role of interim chief executive in September last year, following the resignation of Martin Wheatley, after he was reportedly pushed out of the firm by Chancellor George Osborne.

Andrew Bailey, chief executive at the Prudential Regulation Authority (PRA) and deputy governor of prudential regulation at the Bank of England, is due to take over as head of the FCA later this month.

Also named on the Queen’s honours list were Phillip Monks, CEO of Aldermore, for services to banking and Alexander Edward Chesterman, founder and CEO of Zoopla Property Group, for services to digital entrepreneurship.

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