Audit agency EY has employed the previous interim chief government of the Monetary Conduct Authority, Chris Woolard, as a companion.
Woolard was interim CEO of the Metropolis watchdog between March and September following Andrew Bailey’s appointment as governor of the Financial institution of England.
EY mentioned he’ll lead the agency’s Europe, Center East, India & Africa monetary providers regulatory enterprise and can chair the agency’s international monetary providers regulatory community.
The agency mentioned he’ll tackle a world position, “working with senior policymakers and corporations world wide”.
Woolard was a member of the Prudential Regulation Committee and the Monetary Coverage Committee of the Financial institution of England throughout his interval on the FCA.
Previous to that, he was government director for technique and competitors on the FCA from 2013 onwards.
Woolard mentioned in a press release that he anticipated main modifications to monetary providers regulation within the mild of technological change, Covid-19 and the rising give attention to environmental and social points.
“Navigating this panorama can be important to a profitable and sustainable market,” he mentioned.
Anna Anthony, UK monetary providers managing companion at EY, mentioned Woolard, “brings a singular perspective and an unrivalled depth of data and understanding of the monetary providers regulatory setting”.
John Liver, who at the moment leads EY’s UK monetary providers regulatory crew, can be retiring from the agency in September, EY mentioned.
Woolard was changed as FCA chief government by former London Stock Exchange chief executive Nikhil Rathi who took up the position in October.
EY UK partners were paid an average of £667,000 within the monetary 12 months ending 3 July.
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