The FCA has created a new executive role as it seeks to boost UK competitiveness, keep up with increasing stablecoin and crypto regulation requirements, and integrate the Payment Systems Regulator.
Sarah Pritchard, who will take on the title of deputy chief executive, has been an executive director of supervision, policy and competition and international executive director since 2021 and 2023 respectively.
She has also been acting executive director for consumers and competition since November 2024.
Nikhil Rathi, FCA CEO, commented: “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.”
During Rathi’s second term as CEO he is expected to improve the UK’s international competitiveness, boost growth and reduce regulatory burdens.
READ MORE: Rathi reappointed at FCA
Earlier in her career, Pritchard was director of the National Economic Crime Centre. She also spent two years as global head of anti-bribery and corruption and global head of reputational risk and client selection at HSBC.
