Rathi’s leadership extended for another five-year term to steer UK’s financial regulation and drive economic growth
The UK government has officially reappointed Nikhil Rathi, the Indian-origin chief executive, as the head of the Financial Conduct Authority (FCA), extending his tenure for a second five-year term until September 2030. Rathi, a seasoned financial expert, has been at the helm of the FCA since October 2020, playing a pivotal role in shaping the regulatory landscape of the UK’s financial services sector, reported gujaratsamachar.com.
Chancellor Rachel Reeves hailed Rathi’s contributions, crediting him with boosting investment and supporting the UK’s financial reforms
In her remarks, Chancellor Reeves said, “Nikhil Rathi has been crucial in this government’s efforts to reform regulation so it supports growth and boosts investment — I am delighted he will be continuing his leadership of the FCA. We want the FCA to go further and faster to deliver this government’s Plan for Change.”
Rathi, proud of his reappointment, reaffirmed his commitment to the FCA’s mission: “The FCA does vital work to enable a fair and thriving financial services sector for the good of consumers and the economy. I am proud of the reforms we have delivered, and while we must go further and faster in this age of volatility, the UK remains well placed as a major international financial centre.”
The UK government also noted that under Rathi’s leadership, the FCA has embraced the challenge set by Prime Minister Keir Starmer and the Chancellor to drive new policies that boost economic growth — with real-world benefits expected for the wider economy.
Who is Nikhil Rathi?
Born in northern England to Indian parents with roots in Rajasthan and Madhya Pradesh, Nikhil Rathi, 45, has held several high-profile roles, including CEO of the London Stock Exchange (LSE) plc and Director of International Development. Before his LSE tenure, he served at HM Treasury and is currently a member of both the Prudential Regulation Committee and the Financial Policy Committee.
