The Financial Conduct Authority (FCA) has appointed a new director of supervision to replace Tracey McDermott, who will step up to acting CEO in September.
Megan Butler, currently executive director of International Banks Directorate at the Prudential Regulation Authority (PRA), will join the FCA on a one-year secondment from September. She will take on the role of director of supervision - investment, wholesale and specialist. Butler first joined the financial services regulator - then the Financial Services Authority (FSA) - in 2000. She became a supervisor of UK operations of investment banks at the FSA in 2008. Prior to moving to supervision, she was head of enforcement law and policy at the FSA and chaired the International Or...
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