Rathi’s leadership extended for a second five-year term to steer UK’s financial watchdog through market reform and growth
The UK government has reappointed Indian-origin financial expert Nikhil Rathi as the Chief Executive Officer of the Financial Conduct Authority (FCA), securing his leadership of the financial regulatory body until September 2030. Rathi, who has served as CEO since October 2020, will continue to shape policies and strengthen financial oversight as the FCA advances reforms to support the UK’s economic growth and global competitiveness, reported gujaratsamachar.com.
Chancellor of the Exchequer Rachel Reeves praised Rathi’s contributions, stating, “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.”
Nikhil Rathi’s reappointment reaffirms the UK’s commitment to strong financial regulation while enhancing growth and market confidence.
Rathi expressed his gratitude on the reappointment, saying, “I am honoured to be reappointed by the chancellor. The FCA does vital work to enable a fair and thriving financial services sector for the good of consumers and the economy.” He also stressed the importance of moving faster in this age of global economic volatility while maintaining the UK’s position as a premier financial hub.
Under Rathi’s guidance, the FCA will focus on removing unnecessary and outdated regulations to make the UK an attractive business destination while ensuring strong consumer protection. The UK government also highlighted that the FCA, under Rathi’s leadership, has responded to calls from Prime Minister Keir Starmer and the Chancellor to introduce reforms that stimulate economic growth and create real-world financial benefits.
Born to Indian parents with roots in Rajasthan and Madhya Pradesh, Rathi grew up in northern England. Before heading the FCA, he served as the Chief Executive of London Stock Exchange plc and held senior roles at HM Treasury. Rathi is also a member of the Prudential Regulation Committee and the Financial Policy Committee, underscoring his deep influence on the UK’s financial landscape.
