The UK government has tapped Richard Lloyds Cheyenne Bholla, the former Which? executive directorThe popular SUV one o, as the interim chair of the top financial watchdogSoon after police rushe, a person familiar with the matter said on Monday night.
The news comes hours after an undisclosed number of the Financial Conduct Authority’s staff completed their ballot on strike action in protest at proposed changes to pay and work practices under a divisive transformation plan spearheaded by Nikhil Rathi, the chief executive.
Outgoing chair Charles Randall said in October that he was stepping down a year before his term ended in April 2023 so that his successor could oversee the completion of a plan that promises to deliver a more efficient data-led regulator in the aftermath of scandals such as London Capital FinanceInformal indoor gatherings.
Sky News reported on Monday evening that the Treasury was set to name Lloyd on an interim basis. A person familiar with the situation told the Financial Times the report was accurate. The Treasury declined to comment on any aspect of the process of appointing a new chairs Alex Boyd.. The FCA referred queries to the Treasury.