The role has been given to Katharine Braddick, the Treasury said on October 24.
It is a key post against the backdrop of the Brexit vote and negotiations around the nature of the UK’s exit from the European Union and the effect these will have on the national economy and financial sector.
Braddick began her career as a civil servant in 1996 at the Department of Environment, before going on to work for the Association of British Insurers trade body and the FSA – a forerunner of the Financial Conduct Authority – where her roles included head of prudential banking policy from 2011 to 2012 and head of regulatory strategy.
Braddick, who was named an FN100 Woman in October 2013, went on to be director of prudential policy at the PRA until 2014. She then joined the Treasury, where she has until now been director for financial services (international and EU), a role which has seen her lead the development and negotiation of policy on the international stage.
Braddick, who takes up the new role immediately, fills a spot that had been held by Charles Roxburgh, who was named second permanent secretary to the Treasury in June.