Nikhil Rathi (born 5 August 1979) is the chief executive of the UK's

Financial Conduct Authority The Financial Conduct Authority (FCA) is a financial regulation, financial regulatory body in the United Kingdom, but operates independently of the UK Government, and is financed by charging fees to members of the financial services industry. The ...

(FCA).

Early life

Rathi is of

Indian Indian or Indians may refer to: Peoples South Asia * Indian people, people of Indian nationality, or people who have an Indian ancestor ** Non-resident Indian, a citizen of India who has temporarily emigrated to another country * South Asia ...

descent, and grew up in

Barrow-in-Furness Barrow-in-Furness is a port town in Cumbria, England. Historically in Lancashire, it was incorporated as a municipal borough in 1867 and merged with Dalton-in-Furness Urban District in 1974 to form the Borough of Barrow-in-Furness. In 2023 the ...

, Cumbria, the son of Madhu and Dr Rajendra Rathi, a local magistrate, having moved there aged three. He was educated at

Chetwynde School Chetwynde School is a Free school in Barrow-in-Furness, Cumbria, England. It includes a kindergarten, primary school and secondary school. It is a member of South Cumbria Multi-Academy Trust. Founded as a private primary school, it was known ...

, followed by

St Anne's College, Oxford St Anne's College is a constituent college of the University of Oxford in England. It was founded in 1879 and gained full college status in 1959. Originally a women's college, it has admitted men since 1979. It has some 450 undergraduate and 200 ...

, where he earned a first class degree in Philosophy, Politics and Economics. He was Cumbria under-12 tennis champion.

Career

From 2005 to 2008, Rathi was Private Secretary to

UK Prime Minister The prime minister of the United Kingdom is the head of government of the United Kingdom. The prime minister advises the sovereign on the exercise of much of the royal prerogative, chairs the Cabinet and selects its ministers. As modern pr ...

Tony Blair Sir Anthony Charles Lynton Blair (born 6 May 1953) is a British former politician who served as Prime Minister of the United Kingdom from 1997 to 2007 and Leader of the Labour Party from 1994 to 2007. He previously served as Leader of th ...

and

Gordon Brown James Gordon Brown (born 20 February 1951) is a British former politician who served as Prime Minister of the United Kingdom and Leader of the Labour Party (UK), Leader of the Labour Party from 2007 to 2010. He previously served as Chance ...

. Rathi worked for

HM Treasury His Majesty's Treasury (HM Treasury), occasionally referred to as the Exchequer, or more informally the Treasury, is a department of His Majesty's Government responsible for developing and executing the government's public finance policy and ec ...

from 2009 and 2014, and was director of the financial services group, leading the UK's EU and international financial services interests. In May 2014, Rathi joined the

London Stock Exchange London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pau ...

(LSE) as chief of staff and director of international development, and in 2015, was appointed CEO. In June 2020, HM Treasury appointed Rathi to be the new chief executive at the FCA, succeeding Andrew Bailey, after his appointment as the Governor at the Bank of England in March 2020, and Christopher Woolard, who acted as interim CEO. Rathi took over in October 2020.

Personal life

Rathi is married, with three children, and lives in London.

References

{{DEFAULTSORT:Rathi, Nikhil Living people Financial Conduct Authority people London Stock Exchange people People from Barrow-in-Furness Alumni of St Anne's College, Oxford 1979 births