FCA 'sounds out Swiss regulatory head to replace Wheatley'

clock

The Financial Conduct Authority (FCA) has approached the head of the Swiss financial regulator about the possibility of succeeding Martin Wheatley as CEO, according to a report.

Mark Branson, the chief executive of Switzerland's Financial Market Supervisory Authority (Finma), is among the candidates the FCA is keen to speak to, Sky News reported, citing 'City sources'. Acting FCA chief executive Tracey McDermott and Australian Securities and Investments Commission chairman Gred Medcraft, plus one unnnamed other, are also candidates according to the report. In July, the FCA announced Wheatley (pictured) would be stepping down from his role as chief executive after four years. He officially left his role in September but is continuing to act as an adviser to...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA's CP26/10 lets firms gather less - it doesn't let them assume more

FCA's CP26/10 lets firms gather less - it doesn't let them assume more

'A family knowing a client's wishes is not the same as the client stating them'

Mark Buck
clock 15 September 2026 • 5 min read
What the FCA's Mills review means for financial services

What the FCA's Mills review means for financial services

Regulatory expectations will need to evolve as AI becomes more autonomous

Jessica Caws and Cheryl Tham
clock 07 September 2026 • 6 min read
AI and compliance: Charging for advice or administration?

AI and compliance: Charging for advice or administration?

Efficiency doesn't remove accountability

Gareth Fatchett
clock 03 September 2026 • 3 min read