The Financial Conduct Authority (FCA) has tapped major names to chair its independent practitioner panel and markets practitioner panel.
London Stock Exchange chief executive Nikhil Rathi, who has been a member of the markets practitioner panel since 2015, succeeds panel chair John Trundle effective today (July 01). Rathi is also a member of the practitioner panel, which will be chaired by Zurich UK CEO Tulsi Naidu (pictured) starting August 01.
Naidu, who will take over from Anne Richards, has been a practitioner panel member since 2017.
“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,” commented FCA chair Charles Randell. “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.”
Trundle is chief executive at Euroclear UK & Ireland while Richards is CEO of Fidelity International.