Richard Lloyd OBE has become interim chair of the Financial Conduct Authority, as previously announced on 4 February 2022.
He takes over from Charles Randell CBE, who stood down this month after four years as chair.
Mr Lloyd will act as chair until HM Treasury appoints a permanent successor. A recruitment process is underway.
Mr Lloyd led Which? as executive director from 2011 to 2016. Prior to this he was chief executive of the world federation of consumer organisations, Consumers International; head of policy at the housing charity, Shelter; and worked for two years in No10 Downing Street as a special adviser to the Prime Minister. He was awarded an OBE in 2019 for services to the economy and consumer rights.
Alongside his role at the FCA, Mr Lloyd also chairs the Independent Parliamentary Standards Authority and a council member of the Advertising Standards Authority. He was a founding trustee of the Money and Mental Health Policy Institute.
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