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Monday
Jan082018

Former Slaughter and May partner named chief of UK financial regulator

The new chief of the regulator of the financial services industry in the United Kingdom is a former corporate finance partner at magic circle firm Slaughter and May.

Charles Randell was named chair of the Financial Conduct Authority on Friday. He'll take office on April 1.

He succeeds John Griffith-Jones, who was FCA chair since the agency was created by legislation in 2013.

Randell, pictured above, worked at Slaughter and May from 1980 to 2013. He became a partner in 1989.

He specialized in corporate finance law and worked on financial stability and bank restructuring assignments.

Randall is a Visiting Fellow in financial services regulation at Queen Mary University of London.

During his practice, he advised the Treasury on the resolutions of the Icelandic banks, the UK government's investments in RBS, and the merged Lloyds/HBOS. He also advised the Portuguese Ministry of Finance on the recapitalization of the Portuguese banking sector.

His appointment at the FCA is for a five-year term.

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Richard L. Cassin is the publisher and editor of the FCPA Blog.