Tracey McDermott is to leave the Financial Conduct Authority (FCA) following a stint as its acting chief executive. She has previously been the regulator’s director of supervision and authorisations and prior to that director of enforcement and financial crime. Andrew Bailey was appointed as the new chief executive in January and is due to take up the position on the 1st July 2016.

Mr Bailey is moving from the Bank of England after over 30 years’ service. He is currently deputy governor for prudential regulation and CEO of the Prudential Regulation Authority.

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