Press Release

22 June 2020

PIMFA welcomes appointment of Nikhil Rathi as Chief Executive of the Financial Conduct Authority

PIMFA, the trade association for the wealth management and financial advice industry, welcomes the announcement from HM Treasury today of the appointment of Nikhil Rathi as Chief Executive of the Financial Conduct Authority (FCA).

Liz Field, Chief Executive of PIMFA, commented:“Nikhil Rathi is an extremely knowledgeable and experienced leader, as his successful stewardship of the London Stock Exchange (LSE) as its Chief Executive for the past six years demonstrates.

“His knowledge of the wealth management and financial advice sector, as well as prior experience of working within government, leading on the UKs European Union and international financial services interests, will be particularly welcome at a time when we are renegotiating our relationship with Europe and striving to form new relationships with international partners.

“Mr Rathi becomes Chief Executive of the FCA at a time of significant change and he will have many competing priorities. We look forward to having a productive and constructive working relationship with him and wish him well in his new role.”

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Notes for Editors

About PIMFA – the Personal Investment Management & Financial Advice Association

·PIMFA is the trade association for firms that provide investment management and financial advice to everyone from individuals and families to charities, pension funds, trusts and companies.

·The sector currently looks after £1.5 trillion in private savings and investments and employs over 55,000 people.

·PIMFA represents both full and associate member firms. Full members provide a range of financial solutions including financial advice, portfolio management, as well as investment and execution services. They assist everyone from individuals and families, to charities and pension funds, all the way to trusts and companies. Associate members provide professional services to the PIMFA community.

·PIMFA leads the debate on policy and regulatory recommendations to ensure that the UK remains a global centre of excellence in the wealth management, investment advice and financial planning arena. Our mission is to create an optimal operating environment so that its member firms can focus on delivering the best service to clients, providing responsible stewardship for their long-term savings and investments.

·PIMFA was created in 2017 as the outcome of a merger between the Association of Professional Financial Advisers (APFA) and the Wealth Management Association (WMA) with a history as a trade association since 1991 – read more.

·Further information can be found at

·To become a member of PIMFA for access to training, benefits and discounts, please visit or contact us directly at


For further information on this release or other press matters please contact:

· Matthew West, PIMFA PR Manager –, +44 (0)20 7382 0376 / +44 (0) 7843 903258
· Sheena Gillett, PIMFA Communications & PR Director –, +44 (0)20 7011 9869 / +44 (0)7979 493225