UK Exchequer appoints ex-SFC CEO Ashley Alder as FCA Chair

Rick Steves

Her Majesty’s Treasury, sometimes referred to as the Exchequer, has appointed Ashley Alder as the new Chair of the Financial Conduct Authority (FCA), effective January 2023. Hired for a five-year term, Ashley Alder joins the UK FCA from the Securities and Futures Commission (SFC) in Hong Kong, where he was Chief Executive Officer since 2011. […]

Her Majesty’s Treasury, sometimes referred to as the Exchequer, has appointed Ashley Alder as the new Chair of the Financial Conduct Authority (FCA), effective January 2023.

Hired for a five-year term, Ashley Alder joins the UK FCA from the Securities and Futures Commission (SFC) in Hong Kong, where he was Chief Executive Officer since 2011.

Ashley Alder 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.

The new Chair of the FCA began his career as a lawyer in London in 1984 and went to Hong Kong in 1989 with the international law firm Herbert Smith, practicing corporate and business law. He was Executive Director of Corporate Finance at the SFC from 2001 to 2004, before returning to Herbert Smith, later as head of the firm’s Asia Region. He rejoined the SFC in 2011.

Mr. Alder attained his Bachelor of Laws degree from the University of London in 1982 and graduated from the University of Cambridge with a Master of Laws degree in 1983.

Richard Lloyd, Interim Chair of the FCA, commented: “We are looking forward to working with Ashley as he takes over the leadership of the FCA’s Board next year. As the FCA continues to strengthen its vital work to protect consumers and our financial markets, his deep experience of leading a major international regulator will help us deliver our ambitious strategy for the future.”

As part of the executive reshuffle in the UK’s financial watchdog, Alice Maynard and Liam Coleman were reappointed to chair the FCA’s Audit and People Committees for their second three-year terms.

Ashley Alder’s term at the SFC ended on 30 Sept 2023

Mr. Alder has been Chief Executive Officer of the Securities and Futures Commission since 1 October 2011, with the latest appointment expiring on 30 September 2023.

He leaves his post earlier after carrying out reforms to tackle risks and misconduct, as well as helping nurture the Stock Connect, Bond Connect and ETF Connect schemes.

The Securities and Futures Commission (SFC) and the China Securities Regulatory Commission (CSRC) have jointly announced the launch of the widely awaited ETF Connect. Trading commenced on 4 July 2022.

This comes as an opportunity for international market participants to gain exposure to Mainland China and its fast-growing emerging economy.

Read this next

blockdag

Top Crypto Millionaire Picks: ETH, SOL, BLP

The market is buzzing with the arrival of a new bull run, and savvy investors are closely watching certain cryptocurrencies that show promise for substantial returns.

blockdag

Influencer Examines BlockDAG Advances as Presale Hits $27.7M Amid Updates on Solana Transaction Fees and Injective (INJ) Price

Discover what famous YouTube influencer CryptoDexWorld has to say about BlockDAG’s presale performance and mining capabilities. More on Solana Transaction Fees and Injective (INJ) Price Updates.

blockdag

Discover the Best Altcoins to Buy: Exploring Near Protocol, Cardano, and BlockDAG’s 30,000x Potential

Explore top altcoins like Near Protocol, and Cardano, and discover BlockDAG’s massive potential. Join us!

blockdag

Crypto Influencer Crypto Rick Endorses BlockDAG Amid $27.7M Presale Success; TRON Price & BCH See Surge

Crypto Rick endorses BlockDAG, boosting its $27.7M presale amid TRON and Bitcoin Cash surges. Explore why BlockDAG is a top crypto investment.

blockdag

These Altcoins Have The Potential To Make You a Millionaire in 2024

The crypto market is witnessing a surge, and certain alternate coins are catching attention for their rapid growth.

Digital Assets

Point72 invests $77.5 million in Bitcoin, Morgan Stanley holds $269.9 million

Point72, the $34 billion hedge fund owned by billionaire and New York Mets owner Steven Cohen, held $77.5 million in the Fidelity Wise Origin Bitcoin Fund (FBTC) at the end of the first quarter, according to a recent filing.

Digital Assets

Binance claims Nigerian officials sought $150 million bribe

A Nigerian court has ruled that Tigran Gambaryan, a Binance executive detained on charges of tax evasion and money laundering, can stand trial on behalf of the world’s largest cryptocurrency exchange.

Digital Assets

Kraken reviews Tether listing in Europe ahead of MiCA adoption

Cryptocurrency exchange Kraken is “actively reviewing” whether to delist the stablecoin Tether (USDT) from its European platform, according to a report by Bloomberg.

blockdag

Discover How MoonBag Coin Presale Stacks Up Against Dogecoin & Litecoin

Discover how the MoonBag Coin presale compares to Dogecoin and Litecoin, with unique features, a robust presale structure, and new opportunities in 2024.

<