HM Treasury has appointed Richard Lloyd and Aidene Walsh as the interim chairs of the Financial Conduct Authority (FCA) and the Payment Systems Regulator (PSR), respectively.
The FCA chair is an appointment of HM Treasury, while the PSR chair is an appointment of the FCA Board, with approval from HM Treasury.
Lloyd will begin his duties as interim chair from June 01, 2022, while Walsh starts from April 01. Lloyd was tapped to succeed Charles Randell, who announced his retirement last year.
Richard Lloyd OBE is the current senior independent director of the FCA Board, chair of the Independent Parliamentary Standards Authority, and vice chair of the Money and Mental Health Policy Institute. He has also held several executive positions at Which?, Consumers International and Shelter.
Walsh is currently a non-executive director of the PSR, and an executive director with Banking Competition Remedies (BCR). Prior to joining BCR, she was the CEO of The Fairbanking Foundation following 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,” said Charles Randell. “I am confident that under their leadership both organisations will continue to deliver on their strategies to become more agile and assertive regulators.”
Meanwhile, Lloyd noted he was honoured to take the position.
“The FCA board is hugely grateful to Charles Randell for all that he has done over the last four years as chair,” he added. Charles is an outstanding public servant who has worked tirelessly to support consumers and businesses through the most turbulent of times.”
