Former FCA chief McDermott to join Standard Chartered

Joining on 20 March

Tracey McDermott, former acting chief executive of the Financial Conduct Authority (FCA), is to join Standard Chartered as group head of corporate, effective on 20 March.

McDermott's (pictured) role at the bank will be to build up its relationships with regulators and policymakers. She will report to group CEO Bill Winters and will join the bank's global management team. She said: "The opportunity to join the bank at this critical point in its history, and in a time of global change, is one which was too good to miss." McDermott was acting chief executive of the UK financial regulator between September 2015 and June 2016, but left after deciding not to join the race to keep the top job permanently. In her role at Standard Chartered, she will work cl...