HM Treasury has today announced the appointment of Charles Randell
CBE as the new Chair of the Financial Conduct Authority.
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.
Charles will take up the role on 1 April 2018. The appointment is
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 commented:
“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.”
Charles Randell worked at Slaughter and May from 1980 to 2013,
becoming a partner in 1989. He specialised in corporate finance
law, and worked on financial stability and bank restructuring
assignments.
He 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 also advised the Portuguese Ministry
of Finance on the recapitalisation of the Portuguese banking
sector.
Charles is a member of the Prudential Regulation Committee of the
Bank of England; a Non-Executive Director and Chair of Audit and
Risk Assurance Committee, Department for Business, Energy and
Industrial Strategy; and a Visiting Fellow in financial services
regulation at Queen Mary University of London.
