HM Treasury has appointed Christopher Woolard as interim chief executive of the FCA, following advice from the FCA Board.
The FCA revealed Woolard is set to take on the chief executive role following Andrew Bailey’s departure, after Bailey was announced as the next Governor of the Bank of England in December.
Woolard is currently the FCA’s executive director of strategy and competition and an executive member of the FCA’s Board.
“I’m delighted that I’ve been asked to take on this role,” Woolard commented. “We have a huge job to do and I’m looking forward to working with the Board and colleagues across the FCA as we continue to deliver the FCA’s mission.”
FCA chair, Charles Randell, added: “I’m looking forward to working with Chris in his interim chief executive role. I’m confident that he and executive committee colleagues will continue to deliver our ambitious plans for change in 2020 and beyond, building on the foundations laid by Andrew Bailey.”
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