Sarah Pritchard appointed Deputy CEO of the FCA

The Financial Conduct Authority (FCA) has appointed Sarah Pritchard as its new Deputy Chief Executive, a role created to reflect the regulator’s growing responsibilities. This includes oversight of the Payment Systems Regulator, the regulation of stablecoins and crypto firms, and Buy Now Pay Later products.

Sarah will also help strengthen the FCA’s international engagement, in line with its mission to support UK economic growth and global competitiveness.

Since joining the FCA in 2021, Sarah has played a key role in unifying the supervision, policy, and competition divisions. Most recently, she led the consumer and competition areas, and previously oversaw the markets function.

In addition to her new role, she continues to lead the FCA’s international initiatives and has recently driven global work on leverage in non-bank financial institutions through the G20 and Financial Stability Board.

FCA CEO Nikhil Rathi commented:

“Sarah has brought together critical FCA functions and led major projects, including the overhaul of listing rules and our reforms to financial advice. Her wide-ranging experience makes her the right person to help deliver our bold strategy.”

FCA Chair Ashley Alder added:

“In a time of growing responsibilities and shifting global dynamics, Sarah’s leadership and proven ability to drive reform make her ideal for the role.”

Sarah Pritchard said:

“The last four years have been a time of major change. I’m excited to continue this momentum and work even more closely with Nikhil to deliver on our ambitious goals, both in the UK and internationally.”

Sarah has already stepped into her new role, with no immediate changes to her existing responsibilities.