The Treasury has appointed the Financial Conduct Authority’s (FCA) executive director of strategy and competition Christopher Woolard as the regulator’s interim chief executive.
Woolard will take on the chief executive role following Andrew Bailey’s departure to become governor of the Bank of England.
Woolard is responsible for the FCA’s policy output, its work on innovation, competition and economics and for helping direct the strategy for the financial regulator. He joined the Financial Services Authority in 2013 to help lead the creation of the FCA. Before that, Woolard worked at Ofcom between 2009 and 2012, along with stints at the BBC and in the civil service.
Charles Randell, the FCA’s chair, said: “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.”
Woolard, said: “I’m delighted that I’ve been asked to take on this role. 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.”