The UK Financial Conduct Authority (FCA) has appointed Sarah Pritchard as deputy chief executive officer, a position created in response to the agency's expanding responsibilities, including oversight of the Payment Systems Regulator and regulation of stablecoins and cryptocurrency. Pritchard expressed her enthusiasm for continuing the pace of reform alongside FCA's chief executive Nikhil Rathi. Rathi emphasized the importance of their collective effort to implement strategies that build trust, manage risk, and foster growth. Pritchard, who joined the FCA in 2021, previously oversaw consumer competition and now aims to leverage her extensive experience in driving the FCA's initiatives.
The last four years has been marked by significant reform. I am looking forward to working even more closely with Nikhil so there is no let up in the pace of change, and to ensure we have the right relationships, domestically and internationally, to deliver our ambitious strategy.
Delivering our ambitious new strategy - to deepen trust, rebalance risk, support growth and improve lives - is a collective endeavour and relies on continued reform.
Sarah's breadth of experience, in both public and private sectors, makes her ideally placed to help me drive this.
Pritchard joined the FCA in June 2021 to jointly lead the supervision, policy and competition division.
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