The Financial Conduct Authority has today announced Nikhil Rathi as its new Chief Executive.

In response, Catherine McGuinness, Policy Chair of the City of London Corporation said:

“I warmly welcome Nikhil Rathi’s appointment as the new Chief Executive of the Financial Conduct Authority. Nikhil brings a wealth of experience to the role at a critical time from his previous positions at HM Treasury and London Stock Exchange plc. He will be a great asset as the FCA looks to build on both Andrew Bailey’s legacy and the work by Christopher Woolard through the COVID-19 crisis so far.

“Together, we face the global challenges of stimulating a post-pandemic economic recovery, tackling climate change, and the rise of technology. Nikhil’s depth of experience of domestic and international regulatory policymaking will therefore be vitally important as we plot the path ahead, and support consumers and businesses across the UK. I look forward to working closely with him in the months and years to come.”

Notes to editors

The City of London Corporation is the governing body of the Square Mile dedicated to a vibrant and thriving City, supporting a diverse and sustainable London within a globally-successful UK. www.cityoflondon.gov.uk

For more information contact:

Joe Dibben, Media Officer

City of London Corporation

Joe.dibben@cityoflondon.gov.uk

T: 0207 332 1906, M: 07710860886