#AceFinanceNews – LONDON (Reuters) – Martin Wheatley will stand down as chief executive of Britain’s Financial Conduct Authority (FCA) on September 12, the watchdog said on Friday.
In a separate Treasury statement, Britain’s Finance Minister George Osborne said Wheatley has done a “brilliant job” in launching the FCA but that different leadership is now required to build on those foundations.
Tracey McDermott will take on the role of acting chief executive, Osborne said.
(Reporting by Huw Jones, editing by Carolyn Cohn)
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