FCA sounds out Swiss regulatory head to replace Wheatley


The Financial Conduct Authority (FCA) has approached the head of the Swiss financial regulator about the possibility of succeeding Martin Wheatley as CEO, according to a report.

Mark Branson, the chief executive of Switzerland's Financial Market Supervisory Authority (Finma), is among the candidates the FCA is keen to speak to, Sky News reported, citing 'City sources'. Acting FCA chief executive Tracey McDermott and Australian Securities and Investments Commission chairman Gred Medcraft, plus one unnnamed other, are also candidates according to the report. In July, the FCA announced Wheatley (pictured) would be stepping down from his role as chief executive after four years. He officially left his role in September but is continuing to act as an adviser to...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Business roles

Wiggins took the role after his departure from abrdn just five months after the launch of its MyFolio Sustainable fund range.

Joe Wiggins departs St James's Place

Just over a year in role

James Baxter-Derrington
clock 11 August 2022 • 1 min read
Clarida is former vice chair of the board of governors of the Federal Reserve System

Former Fed vice-chair set to rejoin PIMCO

Richard Clarida

Elliot Gulliver-Needham
clock 04 August 2022 • 2 min read
Tom Conquest, account director at Sanlam Investments

Sanlam Investments expands distribution team

Tom Conquest and Tom Whitfield move

Elliot Gulliver-Needham
clock 02 August 2022 • 1 min read