The Treasury has appointed a new director general for its financial services division, effective immediately, it was announced today.
Katharine Braddick becomes the most senior advisor to the Chancellor on the financial services and insurance industry, which makes up 8% of the UK economy, as the UK negotiates a new deal with the European Union in the wake of the Brexit vote.
As the new director general, Braddick will be responsible for all issues relating to financial services, the financial system and financial stability at the Treasury, it said in a release today.
Braddick takes the helm after joining the department on secondment from the Bank of England in 2014, and leaves her current role as director for financial services (International and EU).
As director of financial services she led on the development and negotiation of financial services policy in the EU and international fora, and the international competitiveness of the UK in financial services, the Treasury said.
Braddick won the position after beating external competition, and was appointed by the Prime Minister on the recommendation of the Civil Service Commissioner and with the approval of the Chancellor.
She replaces Charles Roxburgh, who was appointed Second Permanent Secretary to the Treasury in June.
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