Career File - Martin Wheatley: FCA chief Wheatley to step down
Martin Wheatley will step down as CEO of the Financial Conduct Authority from 12 September, with executive board member Tracey McDermott leading the regulator for an interim period while a search for a long-term successor is carried out.
Wheatley, who has headed up the conduct watchdog for the past four years, will continue to act as an adviser to the FCA board until January 31 2016 with a particular emphasis on the implementation of the fair and effective markets review, which he co-chaired.
John Griffith-Jones, chairman of the FCA said: "Martin has done an outstanding job as CEO setting up and leading the FCA over the past four years.
"We owe him a lot and I and my board would like to thank him for his great efforts in setting up the organisation and for the contribution he has made to putting conduct so firmly at the top of the financial services agenda.
"We all wish Martin well and I am pleased that we will continue to benefit from his wisdom and expertise over the next few months."
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