FCA Acting CEO Withdraws From Race for Permanent Role
- News follows comments from U.K. Chancellor George Osborne
- CEO role opened last year after Martin Wheatley ousted
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U.K. Financial Conduct Authority’s acting top executive withdrew from the race to take the role permanently after manning the post following the government’s ouster of the last head.
Chief Executive Officer Tracey McDermott interviewed for the position last year. U.K. Chancellor of the Exchequer George Osborne told the BBC’s Today program Thursday McDermott didn’t want the job “full-time.”