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UK regulator the Financial Conduct Authority today appointed Sarah Pritchard as its deputy chief executive officer.
The new role has been created to “reflect the FCA’s expanding remit” with the integration of the Payment Systems Regulator, regulation of stablecoin and crypto.
Pritchard said: “The last four years has been marked by significant reform. I am looking forward to working even more closely with Nikhil so there is no let up in the pace of change, and to ensure we have the right relationships, domestically and internationally, to deliver our ambitious strategy.”
Nikhil Rathi, chief executive of the FCA, added: “Delivering our ambitious new strategy — to deepen trust, rebalance risk, support growth and improve lives — is a collective endeavour and relies on continued reform.
“Sarah’s breadth of experience, in both public and private sectors, makes her ideally placed to help me drive this.”
Pritchard joined the FCA in June 2021 to jointly lead the supervision, policy and competition division. She has most recently been responsible for consumers and competition, having previously led the FCA’s markets function.
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