UK: Senior CMA director appointed new FCA Director of Competition

The UK’s Financial Conduct Authority (FCA) has appointed Sheldon Mills as its new Director of Competition. Mills is currently Senior Director, Mergers and State Aid at the Competition and Markets Authority (CMA).

Mills will be a central figure in delivering one of the organization’s operational objectives — to promote competition in consumers’ interest. In addition to delivering market studies, for example those currently ongoing into the mortgage and wholesale insurance brokerage market, Mills will be responsible for the FCA’s activities to enforce prohibitions on anti-competitive behavior within the financial services industry.

Mills said, “I am delighted to be joining the FCA to lead their expert and committed competition team. Financial markets face major change and complexity, so the FCA’s competition work is essential. I am looking forward to leading a program of work which delivers real and lasting change for people and communities across the UK.”

Christopher Woolard, Executive Director of Strategy and Competition, said “In Sheldon we are getting an undisputed expert in competition law and policy. I know that Sheldon will continue the ground-breaking and vital work the FCA has done since it was given a competition remit, to deliver markets that deliver for consumers.”

Full Content: FCA