FCA appoints Interim Chair

Richard Lloyd OBE has become Interim Chair of the Financial Conduct Authority, as previously announced on 4th February 2022.

Lloyd takes over from Charles Randell CBE, who stood down yesterday after four years as Chair.

Randell took up his role as Chair of the FCA and Payment Systems Regulator’s (PSR) Boards in April 2018. The term for the appointment was five years. Aidene Walsh has been Interim Chair of the PSR since 1 April 2022.

Lloyd will act as Chair until HM Treasury appoints a permanent successor. A recruitment process is underway. He joined the FCA Board in April 2019 and has been Senior Independent Director, Chair of the Board Risk Committee and Chair of the Oversight Committee.

Alongside his role at the FCA, Richard also chairs the Independent Parliamentary Standards Authority and a Council member of the Advertising Standards Authority. He was a founding trustee of the Money and Mental Health Policy Institute.

Lloyd led Which? as Executive Director from 2011 to 2016. Prior to this he was Chief Executive of the world federation of consumer organisations, Consumers International; head of policy at the housing charity, Shelter; and worked for two years in No10 Downing Street as a special adviser to the Prime Minister. He was awarded an OBE in 2019 for services to the economy and consumer rights.