Financial Conduct Authority (FCA) acting chief executive Tracey McDermott is to leave the organisation on 1 July, the regulator announced today.
McDermott (pictured) became the FCA's acting CEO in September 2015, after Martin Wheatley was ousted by the Chancellor. On 7 January she announced she had decided to withdraw from the running for the top job, saying it was "not the right job" for her at this stage of her career. But she said she would continue as acting chief executive until a permanent replacement was in post. Deputy governor for prudential regulation at the Bank of England and CEO of the Prudential Regulation Authority Andrew Bailey was appointed CEO on 26 January and is due to take up the position on 1 July. ...
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