HM Treasury has appointed Charles Roxburgh as director general of financial services.
Roxburgh is currently a senior partner at corporate consultancy firm McKinsey & Company and will take up the role in February.
He replaces Jonathan Taylor who has joined European Investment Bank as vice president.
Roxburgh has held a number of roles at McKinsey & Company since joining in 1986. He was co-head of global corporate and institutional banking between 2005 and 2009, head of the UK financial institutions group from 2003 to 2006 and co-head of global strategy practice from 1999 to 2003. Prior to joining McKinsey & Company he was a consultant at accountancy firm Arthur Andersen and Co.