UK FCA Appoints Richard Lloyd as Interim Chair

The Financial Conduct Authority (FCA) has appointed Richard Lloyd as its Interim Chair. Richard takes over from Charles Randell, who stood down yesterday after four years as Chair.  

The Financial Conduct Authority is an independent body, accountable to HM Treasury and to Parliament. The Chair of the Financial Conduct Authority is appointed by HM Treasury. Richard will act as Chair until HM Treasury appoints a permanent successor. A recruitment process is underway.

Charles Randell took up his role as Chair of the FCA and Payment Systems Regulator's (PSR) Boards in April 2018. The term for the appointment was five years. Aidene Walsh has been Interim Chair of the PSR since 1 April 2022.  

The arrival of Richard Lloydl follows the recent appointments of Helen Charlton, the Chair of the Financial Services Consumer Panel, and Andy Mielczarek, the Chair of the FCA Smaller Business Practitioner Panel.