FCA appoints its first ever Scotland boss

The Financial Conduct Authority (FCA) has today announced the appointment of Maggie Craig as its new boss in Scotland.

Ms Craig will take up her role as ‘Head of Department Scotland’, a newly created role at the watchdog, in September.

The City regulator said the institution of a leader north of the border was “to take forward the FCA’s presence in Scotland”, with Ms Craig “focused on developing this approach and contributing to Scottish aspects of FCA policies”.

Ms Craig joined the FCA in 2014 and is head of insurance and pensions policy and has more than 20 years’ experience in the Scottish financial services industry with Aegon and Standard Life.

Andrew Bailey, chief executive of the FCA, said: “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.”

Ms Craig added: “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.”