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 executive Sheldon Mills to depart

FCA executive Sheldon Mills to depart

Competition director to exit after eight years

Sahar Nazir
clock 24 November 2025 • 1 min read
Independently East declared failed by FSCS

Independently East declared failed by FSCS

Advice firm entered liquidation in 2023

Professional Adviser
clock 19 November 2025 • 2 min read
FCA consolidation review 'a warning shot' for acquirers

FCA consolidation review 'a warning shot' for acquirers

Regulator’s findings a ‘wake-up call’ for private equity and consolidators

Sahar Nazir
clock 05 November 2025 • 5 min read