The Financial Conduct Authority and the Prudential Regulation Authority have appointed Martyn Beauchamp as chief executive officer of the Financial Services Compensation Scheme. He has served as interim CEO of the FSCS since October 2023.

Sam Woods, deputy governor of prudential regulation and CEO of the PRA, and Nikhil Rathi (pictured), chief executive of the FCA said: “Martyn is a highly experienced candidate and has already made a meaningful impact as the FSCS’s interim CEO. We are excited to continue working with him.”

Beauchamp added: “FSCS puts customers back on track when their financial services firm fails, helping to build trust and stability in the UK financial services system and supporting long term sector growth. This is a mission I’m proud to now lead as FSCS’s CEO.”