HM Treasury this week appointed Charles Randell as the new chair of the Financial Conduct Authority. He will take up the role on 1 April 2018 for a five-year term.
Randell worked at Slaughter and May from 1980 to 2013, becoming a partner in 1989. He specialised in corporate finance law, and worked on financial stability and bank restructuring assignments. He advised HM Treasury on the resolutions of Northern Rock, Bradford & Bingley and the Icelandic banks; the government's investments into RBS and the merged Lloyds/HBOS; and the Asset Protection Scheme. He also advised the Portuguese Ministry of Finance on the recapitalisation of the Portuguese banking sector.
Randell is currently an external member of the Prudential Regulation Committee of the Bank of England and a non-executive director and chair of the audit and risk assurance committee, Department for Business, Energy and Industrial Strategy.