The Financial Conduct Authority has announced that Richard Lloyd OBE has taken up the role of interim chair.

Lloyd’s appointment to the interim chair role was first announced on 4 February this year.

He takes over from Charles Randell CBE, who stood down last week after four years as chair.

The FCA said Lloyd will act as Chair until the Treasury appoints a permanent successor. A recruitment process is underway.

Lloyd joined the FCA Board in April 2019 and has been senior independent director, chair of the Board Risk Committee and chair of the Oversight Committee.

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

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

Lloyd led Which? as executive director from 2011 to 2016.

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.

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