The Financial Conduct Authority has appointed Sarah Pritchard to the new role of deputy chief executive.
The regulator says this reflects its expanding remit, with the integration of the Payment Systems Regulator, regulation of stablecoin and crypto firms, as well as additional ‘buy now pay later’ activities.
Pritchard joined the FCA in June 2021 to jointly lead the supervision, policy and competition division. She has most recently been responsible for consumers and competition, having previously led the FCA’s markets function.
Pritchard also has executive responsibility for the FCA’s international work and personally spearheaded its recent G20/Financial Stability Board work on leverage in non-bank financial institutions.
FCA chief executive Nikhil Rathi says: “Since joining us, [Pritchard] helped bring together our supervision, policy and competition functions and has led some of our most high-profile work, for example the once-in-a-generation overhaul of the listing rules and landmark work on financial advice and guidance.
“Delivering our ambitious new strategy – to deepen trust, rebalance risk, support growth and improve lives – is a collective endeavour and relies on continued reform. Pritchard’s breadth of experience, in both public and private sectors, makes her ideally placed to help me drive this.”
FCA deputy chief executive Sarah Pritchard says: “The last four years has been marked by significant reform. I am looking forward to working even more closely with Rathi so there is no let up in the pace of change, and to ensure we have the right relationships, domestically and internationally, to deliver our ambitious strategy.”
