The Financial Conduct Authority (FCA) has created the role of head of department Scotland to develop the regulator’s presence in the country.
Maggie Craig, who has over two decades of experience in the Scottish financial services industry, has been appointed as the head of department for Scotland. She joined the FCA in 2014 and is head of insurance and pensions policy.
Prior to joining the FCA, Craig held a variety of roles at the Association of British Insurers (ABI) including director of Scottish affairs, acting director general, and director of financial conduct regulation.
“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,” said Craig who will take up her new role in September 2017.
FCA chief executive Andrew Bailey described the development as a significant step which underlines the regulator’s commitment to its 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,” said Bailey.
There are more than 80 employees in the Edinburgh-based FCA office in Scotland.
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