Regulators appoint Martyn Beauchamp as CEO of FSCS

The FCA and PRA have appointed Martyn Beauchamp as CEO of the Financial Services Compensation Scheme (FSCS).

Martyn has been interim CEO of the FSCS since October 2023. Prior to this, he worked in financial services for over twenty years. He has extensive experience in CEO and executive leadership roles for a wide range of financial services organisations including GE Capital and Tesco Bank, working across the UK, EU, Middle East and Asia.

Martyn’s appointment follows on from Elizabeth Passey becoming chair of the FSCS board in October 2024.

Sam Woods, deputy governor of prudential regulation and CEO of the PRA and Nikhil Rathi, CEO of the FCA, said: “Martyn is a highly experienced candidate, and has already made a meaningful impact as the FSCS’s interim CEO. We are excited to continue working with him.”

Commenting on his appointment, Martyn Beauchamp said: “FSCS puts customers back on track when their financial services firm fails, helping to build trust and stability in the UK financial services system and supporting long term sector growth. This is a mission I’m proud to now lead as FSCS’s CEO - and I look forward to working closely with the FSCS team, the financial services industry and our regulators to achieve it.”