The UK Treasury has announced the appointment of Charles Randell as the new Chair of the FCA. He will also be taking the same role at the UK Payments Systems Regulator (PSR). He has an extensive background in government and in the private sector.
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Between advising on a number of Thatcher-era privatisations and helping the UK government to find a way out of the great financial crisis of 2008, Mr Randell comes with extensive experience in the corporate sector after spending the bulk of his career at international law firm Slaughter & May.
Mr Randell is an external member of the Prudential Regulation Committee of the Bank of England. He is also holding a non-executive board member role at the Department for Business, Energy and Industrial Strategy.
He will be taking on the new position on the 1st of April 2018 for a term of five years. Commenting on the appointment of Mr Randell, the FCA’s Chief Executive, Andrew Bailey, said: “His experience of regulation, both during the financial crisis and more recently as a member of the Prudential Regulation Committee, mean 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.”