The Financial Conduct Authority (FCA) has named Maggie Craig as the head of department for Scotland.
The head of department for Scotland is a new role created to take forward the FCA’s presence in Scotland.
Ms Craig will be focused on developing this approach and according to the regulator will contribute to Scottish aspects of FCA policies.
She joined the FCA in 2014 and is head of insurance and pensions policy.
Andrew Bailey, chief executive of the FCA, said: “I am delighted that Maggie has been appointed as head of department, Scotland.
“This is a significant step and underlines our commitment to our 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.”
Ms Craig said: “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.”
She will take up her new role in September.
Immediately prior to joining the FCA, she held a variety of roles at the Association of British Insurers including director of Scottish affairs, acting director general and, latterly, director of financial conduct regulation.
The FCA office in Scotland is based in Edinburgh and currently more than 80 employees are based there.