Katharine Braddick, who used to be head of banking policy at the Financial Services Authority, has been appointed to the role of director general, financial services at HM Treasury.
She will take up her new role immediately, gaining responsibility for all issues relating to financial services, the financial system and financial stability at the Treasury.
Ms Braddick is currently the Treasury’s director for financial services (International and EU), having joined the department on secondment from the Bank of England in 2014.
In this role she has led on the international competitiveness of the UK in financial services and the development and negotiation of financial services policy in the EU and internationally.
She replaces Charles Roxburgh, who was appointed Second Permanent Secretary to the Treasury in June.
Her previous roles included:
• Director of Prudential Policy at the PRA (2012 – 2014)
• Head of Prudential Banking Policy at the FSA (2011-12)
• Head of Department in the International Division (2008 -11).
Before joining the Treasury in 2014, Ms Braddick held a number of roles at the Financial Services Authority and Prudential Regulation Authority.
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
The Prime Minister made the appointment on the recommendation of the Civil Service Commissioner and with the approval of the Chancellor