UK Names Interim Chairs for FCA and PSR

HM Treasury has announced that they have started the search for the next Chair of the FCA. While the search for Charles Randell's permanent successor concludes, Richard Lloyd OBE will act as interim chair of the FCA from 1 June 2022. Aidene Walsh will act as interim chair of the PSR from 1 April 2022.

Richard Lloyd OBE is currently the Senior Independent Director of the FCA Board, and is chair of the Independent Parliamentary Standards Authority and vice-chair of the Money and Mental Health Policy Institute.

Aidene Walsh is currently a non-executive director of the PSR, and an executive director with Banking Competition Remedies Ltd (BCR), the organisation established to implement the Alternative Remedies Package of measures agreed between the UK Government and the European Commission. Prior to joining BCR, she was CEO of The Fairbanking Foundation ​after senior roles in global transaction banking.

"I am very pleased that both Richard and Aidene have agreed to Chair the FCA and PSR Boards on an interim basis while the search for my permanent successor concludes. I am confident that under their leadership both organisations will continue to deliver on their strategies to become more agile and assertive regulators," said Charles Randell.

Source: Finextra