Charles Randell appointed new Chair of the FCA

Charles is currently an external member of the Prudential Regulation Committee of the Bank of England and a non-executive board member of the Department for Business, Energy and Industrial Strategy.

He has previously advised HM Treasury on the resolutions of Northern Rock, Bradford & Bingley and the Icelandic banks; the Government's investments into RBS and the merged Lloyds/HBOS; and the Asset Protection Scheme.

Charles will take up the role on 1 April 2018 for a five year term.

John Griffith-Jones, Chair of the FCA, commented: “I am delighted that Charles Randell has been appointed as my successor and I wish him every success in the role.”

Andrew Bailey, FCA Chief Executive, added: “I am very pleased to welcome Charles to the FCA. His 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.”