FCA welcomes Richard Lloyd as interim chair

Lloyd takes over from Charles Randell CBE, who stood down on 31 May after four years as chair.

Randell took up his role as chair of the FCA and Payment Systems Regulator’s (PSR) Boards in April 2018. The term for the appointment was five years.

Aidene Walsh has been interim chair of the PSR since 1 April 2022.  

Lloyd will act as chair until HM Treasury appoints a permanent successor, with a recruitment process underway.

He joined the FCA board in April 2019 and has served as senior independent director, chair of the Board Risk Committee and chair of the Oversight Committee.

Alongside his role at the FCA, Lloyd also chairs the Independent Parliamentary Standards Authority and is a council member of the Advertising Standards Authority.

He was also a founding trustee of the Money and Mental Health Policy Institute.

Lloyd led Which? as executive director from 2011 to 2016 and, prior to this, he was chief executive of Consumers International, head of policy at housing charity Shelter and worked for two years as a special advisor to the prime minister.

In 2019, Lloyd was awarded an OBE for services to the economy and consumer rights.