HM Treasury has today announced the appointment of Ashley Alder as the new Chair of the Financial Conduct Authority (FCA).
Chief Executive Officer of the Securities and Futures Commission (SFC) in Hong Kong, a role he has held since 2011. Ashley also chairs the Board of the International Organization of Securities Commissions (IOSCO) and sits on the Financial Stability Board's Plenary and its Steering Committee.
Ashley began his career as a lawyer in London in 1984 and practised in Hong Kong for more than 20 years. He was Executive Director of the SFC's Corporate Finance Division from 2001 to 2004, before returning to private practice at Herbert Smith LLP, a law firm, as Head of Asia.
Ashley is expected to take up his role as FCA Chair in January. He is appointed for a five-year term.
HM Treasury has also reappointed Dr Alice Maynard and Liam Coleman, who respectively chair the FCA’s Audit and People Committees, to the Board for their second three-year terms.
Richard Lloyd, Interim Chair of the FCA, commented: “We are looking forward to working with Ashley as he takes over the leadership of the FCA’s Board next year. As the FCA continues to strengthen its vital work to protect consumers and our financial markets, his deep experience of leading a major international regulator will help us deliver our ambitious strategy for the future.”