You are here: Home - News -

Charles Randell appointed as FCA chair

by:
  • 05/01/2018
  • 0
Charles Randell appointed as FCA chair
Charles Randell is to be the new chair of the Financial Conduct Authority (FCA), the Treasury has confirmed.

 

Randell is currently an external member of the Bank of England’s Prudential Regulation Committee and a non-executive board member of the Department for Business, Energy and Industrial Strategy.

The former lawyer will take up the five-year role at the regulator from April 1 2018.

He advised the Treasury on the resolutions of Northern Rock, Bradford & Bingley and the Icelandic banks, as well as the government’s investments into RBS and the merged Lloyds/HBOS and, the Asset Protection Scheme.

Randell worked at Slaughter and May from 1980 to 2013, specialising in corporate finance law, and working on financial stability and bank restructuring assignments.

He also advised the Portuguese ministry of finance on the recapitalisation of the Portuguese banking sector.

Outgoing FCA chair John Griffith-Jones said: “I am delighted that Charles Randell has been appointed as my successor and I wish him every success in the role.”

Andrew Bailey, FCA chief executive said: “I am very pleased to welcome Charles to the FCA.

“His experience of regulation, both during the financial crisis and more recently as a member of the Prudential Regulation Committee, means that he has a strong understanding of the challenges that the FCA faces and I look forward to tackling these with him in his new role.”

There are 0 Comment(s)

Comments are closed.

You may also be interested in