City lawyer Charles Randell has been confirmed as the next Financial Conduct Authority (FCA) chairman and takes up the post from 1 April.
As previously reported, Randell was a leading candidate to succeed outgoing FCA chairman John Griffith-Jones. He will also become chairman of the Payment Systems Regulator (PSR). As a lawyer at magic circle firm Slaughter & May, Randell (pictured) advised ministers on the 2008 financial crisis and currently sits on the on the Bank of England's Prudential Regulation Committee (PRC), but his five-year term as a director is set to expire in March. He will leave this position before joining the FCA and PSR. HM Treasury and the Bank of England will begin recruiting a successor soon. Ran...
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