HM Treasury  

Treasury appoints replacement to FAMR author

Treasury appoints replacement to FAMR author

Katharine Braddick has been appointed as director general for financial services at HM Treasury.

She will replace Charles Roxburgh, one of the authors of the Financial Advice Market Review, who was appointed Second Permanent Secretary to the Treasury in June.

He was co-chairman of the FAMR along with Tracey McDermott, chief executive of the Financial Conduct Authority.

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In her role Ms Braddick will be responsible for all issues relating to financial services, the financial system and financial stability at the Treasury.

Ms Braddick, who will take up her new role immediately, is currently the Treasury’s director for financial services (international and EU).

She joined the department on secondment from the Bank of England in 2014.

A statement from the Treasury said: “As director of financial services she has led on the development and negotiation of financial services policy in the EU and international fora and the international competitiveness of the UK in financial services.”

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.