Treasury drafts in new financial services lead

HM-Treasury-500x320.jpgThe Treasury has appointed Katharine Braddick to replace Charles Roxburgh as financial services director general.

Roxburgh was the Treasury’s lead on the Financial Advice Market Review.

The financial services director general role had been left vacant since Roxburgh was appointed second permanent secretary to the Treasury in June.

Braddick was previously Treasury financial services director (international and EU) and joined the department in 2014 on a secondment from the Bank of England.

Braddick has previously worked at the Financial Services Authority and the Prudential Regulation Authority. At the PRA she held roles including prudential policy director and prudential banking policy head.

She joined the PRA from the Association of British Insurers.

According to a Treasury statement, Prime Minister Theresa May appointed Braddick on the recommendation of the Civil Service Commissioner and with the approval of Chancellor Philip Hammond.

The appointment decided on an internal promotion after opening the role to “external competition”.