Charles Randell CBE has today been appointed as the new Chair of the Payment Systems Regulator.
Charles is currently an external member of Prudential Regulation Committee at the Bank of England and a non-executive board member of the Department for Business, Energy and Industrial Strategy.
Charles will take up the role on 1 April 2018. The appointment is for a five year term.
John Griffith-Jones, Chair of the PSR commented: “I am delighted that Charles Randell has been appointed as my successor and I wish him every success in the role.”
Hannah Nixon, PSR Managing Director commented: “I’d like to welcome Charles as our new Chair. The payments industry is undergoing significant change, driven by changing consumer needs, technology and our own interventions. Having someone with Charles’ financial and regulatory experience as our Chair will be invaluable in successfully achieving our goals. I look forward to working with him.”
About Charles Randell CBE:
Charles Randell worked at Slaughter and May from 1980 to 2013, becoming a partner in 1989. He specialised in corporate finance law, and worked on financial stability and bank restructuring assignments.
He advised HM Treasury on the resolutions of Northern Rock, Bradford & Bingley and the Icelandic banks; the Government's investments into RBS and the merged Lloyds/HBOS; and the Asset Protection Scheme. Charles also advised the Portuguese Ministry of Finance on the recapitalisation of the Portuguese banking sector.
Charles is a member of the Prudential Regulation Committee of the Bank of England; a Non-Executive Director and Chair of Audit and Risk Assurance Committee, Department for Business, Energy and Industrial Strategy; and a Visiting Fellow in financial services regulation at Queen Mary University of London.