Christopher Woolard has been made interim chief executive of the Financial Conduct Authority (FCA).
The appointment follows Andrew Bailey’s departure to become governor of the Bank of England.
Mr Woolard is currently the FCA’s executive director of strategy and competition and an executive member of the FCA’s board.
He is responsible for the FCA’s policy output, its work on innovation, competition and economics and for helping direct the strategy for the financial regulator.
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