Richard Lloyd takes over from Charles Randell as FCA chair
Richard Lloyd OBE has become interim chair of the Financial Conduct Authority (FCA), taking over from Charles Randell CBE, who stood down yesterday after four years in the role.
Lloyd (pictured) will remain in the role until HM Treasury appoints a permanent successor. A recruitment process is currently underway.
Earlier this year, it was announced that an advisory assessment panel had been formed to find the next permanent chair of the FCA.
The panel features fintech experts such as Ron Kalifa, author of the Kalifa Review into fintech, and Gwyneth Nurse, who has been director of financial services at the Treasury since 2015, making her the public face of government policy for the peer-to-peer lending sector.
Charles Roxburgh, second permanent secretary at the Treasury, will chair the panel, which also features Richard Lloyd OBE and Alison Brittain, chief executive of Whitbread.
Randell took up his role as chair of the FCA and Payment Systems Regulator’s (PSR) boards in April 2018. Aidene Walsh has been Interim Chair of the PSR since 1 April 2022.
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Randell will not be moving to any other position within the FCA or PSR.
Lloyd joined the FCA Board in April 2019 and has been senior independent director, chair of the board risk committee and chair of the oversight committee.
He also chairs the Independent Parliamentary Standards Authority, and he is a council member of the Advertising Standards Authority. He was 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.
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