Asset Management

Tracey McDermott will exit FCA in July

Acting CEO, who has been the public face of a more aggressive regulator in the years since the financial crisis, is making way for Andrew Bailey

Wednesday 13 April 2016 at 17:41

Tracey McDermott is leaving the FCA
Tracey McDermott is leaving the FCA

The acting chief executive of the UK's Financial Conduct Authority – who has been the public face of a more aggressive regulator in the years since the financial crisis – will leave in the summer.

Tracey McDermott will depart the FCA on July 1, according to a statement from the regulator on April 13.