The Financial Conduct Authority has appointed Christopher Woolard, director of strategy and competition, to its board.
The appointment, which was made by the Treasury, is for a three-year term starting tomorrow (1 August).
Mr Woolard joined the FCA in January 2013 - moving from being group director and content board member at Ofcom - as director of policy, risk and research, which then became strategy and competition in December 2014.
He is also a non-executive member on the board of the Payment Systems Regulator.
This follows on from Megan Butler joining the FCA on secondment from the Prudential Regulation Authority, becoming director of supervision for investment, wholesale and specialists.
She takes over from Tracey McDermott who will step up to acting chief executive of the FCA on 12 September, following the departure of Martin Wheatley.
FCA chairman John Griffith-Jones said: “Christopher has been a vital member of the FCA’s executive committee since the inception of the organisation, in particular shaping the strategy launched in December last year and our approach to competition.
Mr Woolard added that he was joining the board at an important juncture for the FCA. “I look forward to helping the board ensure that the FCA is able to meet the many challenges ahead of it.”