Campaign to appoint next FCA Chair gets launched

The recruitment campaign to appoint the next Financial Conduct Authority (FCA) Chair has been launched by HM Treasury today, replacing Charles Randell who is stepping down as Chair of the FCA and the PSR in Spring 2022.

Richard Lloyd, the FCA’s Senior Independent Director, has been announced as interim Chair of the FCA from 1 June 2022 until the next permanent Chair takes up their post. This follows his recent reappointment for a second three-year term on the FCA Board, commencing on 1 April 2022

Mr Lloyd is an experienced Board member; his previous roles include Executive Director at Which? and Chief Executive of Consumers International. He is also a founding trustee of the Money and Mental Health Policy Institute. He was awarded an OBE in 2019 for services to the economy and consumer rights.

The FCA has also appointed Aidene Walsh as interim Chair of the Payment Systems Regulator (PSR) from 1 April 2022 until the next permanent PSR Chair takes up their post.

Ms Walsh has been a Non-Executive Director on the PSR Board since June 2020 and is an Executive Director at Banking Competition Remedies Ltd (BCR). She has previously served as Chief Executive Officer of The Fairbanking Foundation, and has held senior roles at Lloyds Banking Group, RBS, ABN Amro and Citigroup.

The Treasury has today published the job advert for the appointment of the next FCA Chair. The Advisory Assessment Panel will comprise Charles Roxburgh (HMT Second Permanent Secretary, Panel Chair), Gwyneth Nurse (HMT Director General, Financial Services), Alison Brittain (CEO, Whitbread, Senior Independent Panel Member), Ron Kalifa (Chair, Network International, Independent Panel Member) and Richard Lloyd (FCA Senior Independent Director).

The Treasury welcomes applications from candidates irrespective of their background, gender, race, sexual orientation, disability, religion, or age, providing they meet the required criteria.

A separate campaign for the appointment of the next PSR Chair will be launched in due course.

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