He is an external member of the Prudential Regulation Committee of the Bank of England and a non-executive board member of the Department for Business, Energy and Industrial Strategy.
Charles Randell has been appointed as the next chairman of the Financial Conduct Authority.
He is an external member of the Prudential Regulation Committee of the Bank of England and a non-executive board member of the Department for Business, Energy and Industrial Strategy.
Randell will start the role on 1 April 2018 for a five year term, replacing current chairman John Griffith-Jones.
Andrew Bailey, chief executive of the FCA, said: “I am very pleased to welcome Charles to the FCA.
“His experience of regulation, both during the financial crisis and more recently as a member of the Prudential Regulation Committee, mean that he has a strong understanding of the challenges that the FCA faces and I look forward to tackling these with him in his new role.”
Randell worked at Slaughter and May from 1980 to 2013, becoming a partner in 1989, specialising in corporate finance law.
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.
