The Financial Conduct Authority has appointed Charles Randell CBE as its new chair.

Randall will serve a five year term in his new role, replacing current FCA chair, John Griffith-Jones, from 1 April 2018.

Currently, he is an external member of the Prudential Regulation Committee of the Bank of England, and is also non-executive board member of the Department of Business, Energy and Industrial Strategy.

Randall worked at Slaughter and May from 1980 to 2013, becoming a partner in 1989. He was a key adviser in the wake of the financial crisis, helping HM Treasury on the resolutions of Northern Rock, Bradford & Bingley and the Icelandic banks, as well as advising on the government's investments into RBS and the merged Lloyds and HBOS.

In addition, he advised the Portuguese Ministry of Finance on the recapitalisation of the Portuguese banking sector.

FCA chief executive, Andrew Bailey, said: “[Charles Randell’s] 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.”

Share Story: