Treasury launch recruitment campaign for new FCA chair

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.

It revealed 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.

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.

John Glen, the economic secretary to the treasury, said: “I would like to thank Charles Randell for his leadership of the FCA and PSR during an important and challenging period.

“It is now a pivotal time for the FCA. The next chair will contribute significantly to the success of the UK’s financial services sector and the government looks forward to appointing them in due course.”