"The work of the Panels has never been more important, given the extent of the changes in our world, including Brexit."
Tulsi Naidu, chief executive of Zurich in the UK, will become chair of the FCA Practitioner Panel in August. She has been a member of the Panel since 2017 and succeeds Anne Richards, chief executive of Fidelity International.
Nikhil Rathi, CEO of the London Stock Exchange, joins as chair of the FCA Markets Practitioner Panel from the 1st of July. He has been a member of the Panel since 2015 and succeeds John Trundle, CEO of Euroclear UK & Ireland. Nikhil is also a member of the FCA Practitioner Panel.
The FCA Practitioner Panels are independent statutory bodies that represent the interests of the financial services industry within the UK’s regulatory framework. Panel members are recruited to represent both their own sector and the industry as a whole, rather than individual firms.
FCA chair, Charles Randell, said: "Both Tulsi and Nikhil have served on the Panels for a number of years and are well placed to lead the Panels in supporting the FCA to be a targeted and effective regulator. The work of the Panels has never been more important, given the extent of the changes in our world, including Brexit. I look forward to the robust but constructive challenge they will provide, and to working with them both in their new roles.
"I would also like to thank Anne and John for their significant contribution to the work of the Panels as both members and chairs."
