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The Financial Conduct Authority (FCA) has appointed two new senior leaders, further strengthening its capability across key areas of its remit.
Chris Knight has been appointed as director of Insurance within the Supervision, Policy and Competition (SPC) division, while David Lymburn joined the Payment Systems Regulator (PSR) on 23 February 2026 as interim deputy managing director.
Knight will step into his new role in July 2026. He joins from Legal and General, where he has served as group chief risk officer for the past five years and as a member of the Group Management Committee.
Prior to this, he was CEO of Legal and General Retail Retirement for three years.
Meanwhile, Lymburn brings more than 15 years of experience in financial services, including roles as chief operating officer and Global Payments Programme director at Nordea Bank, as well as payments roles at Royal Bank of Scotland and Lloyds Banking Group.
He will serve in the interim position while the PSR undertakes recruitment for a permanent appointment.
Sarah Pritchard, deputy chief executive at the FCA, said: “We are delighted to welcome Chris and David to their new roles. They bring significant industry expertise and leadership experience, and will play a vital role in advancing our strategic priorities, strengthening our capabilities, accelerating our journey to becoming a smarter regulator, and ensuring we continue to support economic growth and improve lives across the UK.”
