PIMFA welcomes appointment of new FCA Chief Executive

PIMFA, the trade association for the wealth management and financial advice industry, has welcomed the announcement from HM Treasury of the appointment of Nikhil Rathi as Chief Executive of the Financial Conduct Authority (FCA).

Liz Field, Chief Executive of PIMFA, says: “Nikhil Rathi is an extremely knowledgeable and experienced leader, as his successful stewardship of the London Stock Exchange (LSE) as its Chief Executive for the past six years demonstrates.

“His knowledge of the wealth management and financial advice sector, as well as prior experience of working within government, leading on the UKs European Union and international financial services interests, will be particularly welcome at a time when we are renegotiating our relationship with Europe and striving to form new relationships with international partners.

“Mr Rathi becomes Chief Executive of the FCA at a time of significant change and he will have many competing priorities. We look forward to having a productive and constructive working relationship with him and wish him well in his new role.”