Christopher Woolard to Serve as UK FCA’s Interim CEO

Karthik Subramanian

Karthik Subramanian has been a professional trader and fund manager over the last 18 years. He is basically a software developer who made the transition to financial domain around 18 years back as the attractiveness of the financial markets proved too much for him. He lives in Chennai in India along with his wife and son. He began his career as a software developer in 1999 and then gradually moved into the financial industry as he began trading stocks in his pastime. He then moved into the financial markets full time and then shifted his focus to the FX markets due to the liquid nature of these markets. Since then, he has been trading FX diligently and his favourite pair are the EURUSD and EURJPY. Over the last couple of years, he has found blockchain to be of high interest and considering his background in software and finance, he has since assembled a team of highly talented developers who have since worked on a variety of projects like crypto exchanges and blockchain architecturing. Now, he balances his time between trading and commenting on both the FX and crypto markets. He has worked with many publications including FX Street and Finance Magnates, which has helped him gain experience and also recognition across the industry. He loves to write and this passion has helped him to reach out across the FX and crypto industry. Right now, he works on his pet projects in the FX and crypto industry and spends his time writing and managing his blockchain team and helping it to reach higher.

Christopher Woolard

Christopher Woolard to Serve as UK FCA’s Interim CEO

January 25, 2020

Christopher Woolard UK’s Financial Conduct Authority (FCA), the primary regulatory body has recently made the announcement of the appointment of a new interim Chief Executive Officer. The move was made by Her Majesty’s Treasury, and following the advice of the Board of the Financial Conduct Authority as its current Chief Executive Officer, Mr. Andrew Bailey moves on to take charge of his new role as Governor of Bank of England.

As per the statement released by the watchdog, its Chief Executive Officer role will be filled in the interim capacity by Mr. Christopher Woolard who is currently serving as FCA’s Executive Director of Strategy and Competition and an Executive Member of the FCA’s Board. As Executive Director of Strategy and Competition, Chris is responsible for FCA’s policy output, work on innovation, competition, and economics. He is also responsible for helping direct the watchdog’s strategy for financial regulation.

Christopher began his term with the UK’s financial regulatory body in 2013 as one of its founding members and had continued to play a major role in leading the regulatory body from its early days and has continued to serve in key senior-level management and leadership role till date.

Aside from his c-level roles at UK FCA, Mr. Woolard also continues to serve as Non-Executive Director for Payment Systems Regulator, an independent subsidiary of FCA since its founding in April of 2014. Prior to joining FCA, Mr. Woolard served under several industry-leading firms in the UK for nearly two decades.

His most recent role before joining FCA was under Ofcom – a London headquartered financial service provider where he served in capacity of Group Director for content, international and regulatory development. Prior to his stint with Ofcom, he served as Deputy Director for BBC Trust for nearly 4 years. 

Post graduating with a Bachelor’s degree in History from Kings College in London he began his career serving as a Senior Civil Servant in the UK’s Department of Trade and Industry where he spent the first decade of his career. Christopher will continue to hold the role of interim Chief Executive Officer until an actual successor is chosen for the role.

As per FCA’s update, the CEO candidate for FCA will be selected from an open competition the details of which is expected to be announced later this year. The open competition will be run by HM Treasury who will then appoint the CEO candidate once the competition concludes.

Commenting on the appointment of interim CEO, Charles Randell – Chairman of FCA said, “I’m looking forward to working with Chris in his Interim Chief Executive role. I’m confident that he and Executive Committee colleagues will continue to deliver our ambitious plans for change in 2020 and beyond, building on the foundations laid by Andrew Bailey”.

Speaking about his new role, Mr. Woolard stated, “I’m delighted that I’ve been asked to take on this role. We have a huge job to do and I’m looking forward to working with the Board and colleagues across the FCA as we continue to deliver the FCA’s mission”. 

Source: Official FCA PR 

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