Richard Lloyd OBE has assumed the role of Financial Conduct Authority (FCA) interim chair, replacing Charles Randell CBE who stood down on 1 June after four years as chair.

Lloyd, whose appointment was initially announced on 4 February, will act as chair until HM Treasury appoints a permanent successor, for which a recruitment process is currently underway.

Randell took up his role as chair of the FCA and Payment Systems Regulator’s (PSR) boards in April 2018, with the term for the appointment being five years.

Aidene Walsh has been PSR interim chair since 1 April 2022.

Lloyd joined the FCA board in April 2019 and has been senior independent director, chair of the Risk Committee Board and chair of the Oversight Committee.

Alongside his role at the FCA, Lloyd also chairs the Independent Parliamentary Standards Authority and is a council member of the Advertising Standards Authority.

He was also a founding trustee of the Money and Mental Health Policy Institute.

Lloyd led Which? as executive director from 2011 to 2016 and, prior to this, he was chief executive of the world federation of consumer organisations, Consumers International; head of policy at the housing charity, Shelter; and worked for two years in Number 10 Downing Street as a special adviser to the Prime Minister.

In 2019, Lloyd was awarded an OBE for services to the economy and consumer rights.

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