Nikhil Rathi has been appointed as chief executive of the Financial Conduct Authority (FCA) following Andrew Bailey’s move to the Bank of England as governor earlier this year.
Rathi is currently chief executive of the London Stock Exchange and his appointment has been approved by HM Treasury, where he had previously been financial services group director from September 2009 to April 2014, leading on the department's work on EU and international financial services interests. He is expected to take up the role for a five-year term in the autumn, with Christopher Woolard serving in the role on an interim basis until then. FCA chairman Charles Randell welcomed Rathi's appointment, stating: "I warmly welcome Nikhil to the FCA. I look forward to working with him ...
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