The Financial Conduct Authority (FCA) has today announced the appointment of Maggie Craig as the Head of Department, Scotland.
Head of department Scotland is a new role created to take forward the FCA’s presence in Scotland. Maggie will be focused on developing this approach and contributing to Scottish aspects of FCA policies.
Maggie joined the FCA in 2014 and is Head of Insurance and Pensions Policy. She has more than 20 years’ experience in the Scottish financial services industry.
Andrew Bailey, Chief Executive of the FCA commented:
“I am delighted that Maggie has been appointed as Head of Department, Scotland. This is a significant step and underlines our commitment to our presence in Scotland. Maggie brings to the role a large amount of experience and knowledge including established stakeholder relationships which will stand her in good stead for developing the FCA’s presence in Scotland.”
Maggie Craig said;
‘I’m very much looking forward to taking on this new role. Our continued presence in Scotland is extremely important and through developing a new strategy we’ll be able to maximise our impact.’
Maggie will take up her new role in September 2017.
Notes to editors
- Immediately prior to joining the FCA, Maggie held a variety of roles at ABI including Director of Scottish Affairs, Acting Director General and, latterly, Director of Financial Conduct Regulation.
- The FCA office in Scotland is based in Edinburgh and currently over 80 employees are based there.
- On 1 April 2013, the FCA became responsible for the conduct supervision of all regulated financial firms and the prudential supervision of those not supervised by the Prudential Regulation Authority (PRA).
- The FCA has an overarching strategic objective of ensuring the relevant markets function well. To support this it has three operational objectives: to secure an appropriate degree of protection for consumers; to protect and enhance the integrity of the UK financial system; and to promote effective competition in the interests of consumers.
- Find out more information about the FCA.