Martin Wheatley, a Top British Financial Regulator, to Depart
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Martin Wheatley has been chief executive of Britain’s Financial Conduct Authority since its inception in 2013. CreditHazel Thompson for The New York Times
LONDON — Britain is looking for new leadership to oversee its financial markets.
The Financial Conduct Authority said on Friday that Martin Wheatley would stand down as its chief executive on Sept. 12, but would continue to serve as an adviser to the regulator’s board until January.
The move came as George Osborne, the chancellor of the Exchequer, called for new leadership at the financial regulator, which was created two years ago after the responsibilities of its predecessor agency, the Financial Services Authority, were split between two organizations.
“Britain needs a tough, strong financial conduct regulator. Martin Wheatley has done a brilliant job of launching the F.C.A. in tough circumstances,” Mr. Osborne said in a news release…
Martin Wheatley, a Top British Financial Regulator, to Depart
