Mills is tasked with promoting competition in consumers’ interest and will oversee investigations currently ongoing into the mortgage and wholesale insurance brokerage market, as well as being responsible for the FCA’s activities to enforce prohibitions on anti-competitive behaviour within the financial services industry.
Mills says: “I am delighted to be joining the FCA to lead their expert and committed competition team. Financial markets face major change and complexity, so the FCA’s competition work is essential. I am looking forward to leading a programme of work which delivers real and lasting change for people and communities across the UK.’
FCA executive director of strategy and competition Christopher Woolard says: “In Sheldon we are getting an undisputed expert in competition law and policy. I know that Sheldon will continue the ground-breaking and vital work the FCA has done since it was given a competition remit, to deliver markets that deliver for consumers.”
