The FCA has appointed Sarah Pritchard as deputy chief executive.

The new role has been created to reflect the FCA's expanding remit, with the integration of the Payment Systems Regulator, regulation of stablecoin and crypto firms as well as Buy Now Pay Later activities. As deputy chief executive, Pritchard will also support the FCA's increasingly international focus, given its role supporting UK growth and competitiveness.

She joined the FCA in June 2021 to jointly lead the supervision, policy and competition division. Pritchard has most recently been responsible for consumers and competition, having previously led the FCA's markets function.

She also has executive responsibility for the FCA's international work and personally spearheaded recent G20/Financial Stability Board work on leverage in non-bank financial institutions.

Nikhil Rathi, chief executive of the FCA, said: "Since joining us, Sarah helped bring together our supervision, policy and competition functions and has led some of our most high-profile work, for example, the once-in-a-generation overhaul of the listing rules and landmark work on financial advice and guidance.

"Delivering our ambitious new strategy – to deepen trust, rebalance risk, support growth and improve lives – is a collective endeavour and relies on continued reform. Sarah's breadth of experience, in both public and private sectors, makes her ideally placed to help me drive this."

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