New UK financial services head appointed

UK’s HM Treasury has appointed Katharine Braddick to the role of director general, Financial Services at HM Treasury.

In her new role Braddick will be responsible for all issues relating to financial services, the financial system and financial stability at the Treasury.

UK Prime Minister Theresa May has made the appointment on the recommendation of the Civil Service Commissioner and with the approval of the Chancellor, the Treasury said in a stateement earlier today.

Braddick takes up the role with immediate effect, joining from her previous position as the Treasury’s director for Financial Services (International and EU). She originally joined the department on secondment from the Bank of England in 2014.

As director of Financial Services she has led on the development and negotiation of financial services policy in the EU and international fora and the international competitiveness of the UK in financial services, the statement said.

External search

Braddick replaces Charles Roxburgh, who was appointed Second Permanent Secretary to the Treasury in June. The appointment follows an external search for a new head across the last few months.

Before joining the Treasury in 2014, Braddick held a number of roles at the Financial Services Authority (FSA) and Prudential Regulation Authority (PRA). She was director of Prudential Policy at the PRA (2012 – 2014); head of Prudential Banking Policy at the FSA (2011-12); and head of department in the International Division (2008 -11). She joined the FSA in 2003 from the Association of British Insurers, having started her career as a civil servant at the Department of Environment in 1996.

ABOUT THE AUTHOR
Gary Robinson
Deputy Editor, International Investment and Head of Video at Open Door Media Publishing. A fully qualified journalist and filmmaker with more than 20 years' financial services experience, both as journalist and originally as an IFA.

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