Martin Wheatley ‘disappointed’ to leave FCA

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FCA chief executive Martin Wheatley says he is “disappointed” to be stepping down in September.

On Friday the regulator announced Wheatley is leaving after Chancellor George Osborne said “different leadership” was needed.

Speaking at the FCA’s annual public meeting in London today, Wheatley said: “Frankly I am disappointed to be moving on and I do so with a sense of unfinished business.

“But I have no doubt that under John Griffith-Jones’ chairmanship the executive committee will continue to push the organisation to build on the successes of the past two years.”

Griffith-Jones said: “I would like to pay tribute to Martin Wheatley.

“Establishing a culture at any new organisation is a pretty lonely top-down process.

“Under his leadership the FCA has quickly established itself as a truly effective regulator characterised by his own immense professionalism, high standards and unquestionable integrity.

“On a personal note, I would like to thank Martin for this wise counsel and strong leadership in the first two years of the FCA.”