Ashley Alder appointed as FCA chair

Alder is expected to take up his role in January 2023 and will succeed Richard Lloyd who has served as interim chair since Charles Randell stepped down from his post in May 2022.

The former lawyer currently serves as the chief executive of the Securities and Futures Commission of Hong Kong, having been in post since October 2011.

He is also currently the elected chair of the International Organisation of Securities Commissions, the global standard setter for securities markets regulation.

Alder previously held senior roles at Herbert Smith Freehills LLP.

Alder said: “It’s a great privilege to have the opportunity to chair the FCA, whose core work is so vital to the financial health of consumers.

“I also value the opportunity to contribute to a crucial phase in the FCA’s history as it helps chart the UK’s post-Brexit future as a global financial centre which continues to support innovation and competition through its own world-leading regulatory standards.

“I look forward to working with FCA colleagues as they deliver on their mission.”

HM Treasury has also announced the reappointments of Liam Coleman and Dr Alice Maynard to the board of the FCA.

Their second three-year terms as non-executive directors will commence on 5 November 2022.

Liam Coleman is currently chairman of Great Western Hospitals NHS Foundation Trust and has held a variety of roles spanning retail, commercial and wholesale banking.

Dr Alice Maynard has worked in the field of diversity and inclusion for 30 years and coaches senior leaders in inclusive leadership alongside her board and advisory roles.