HM Treasury has announced the appointment of Ashley Alder as the new Chair of the Financial Conduct Authority (FCA). Ashley is currently Chief Executive Officer of the Securities and Futures Commission (SFC) in Hong Kong, a role he has held since 2011. Ashley also chairs the Board of the International Organization of Securities Commissions (IOSCO) and sits on the Financial Stability Board’s Plenary and its Steering Committee.
Ashley Alder began his career as a lawyer in London in 1984 and practiced in Hong Kong for more than 20 years. He was Executive Director of the SFC‘s Corporate Finance Division from 2001 to 2004, before returning to private practice at Herbert Smith LLP, a law firm, as Head of Asia. Ashley is expected to take up his role as FCA Chair in January on a five-year term.
The Interim Chair Richard Lloyd will continue as Interim Chair for now and then resume his role as the FCA’s Senior Independent Director.
