Tracey McDermott, CBE

Appointed

Tracey has been the Group Head Conduct, Financial Crime and Compliance since January 2019.  She originally joined the Bank as Group Head of Corporate, Public and Regulatory Affairs in March 2017 subsequently adding Brand and Marketing to her portfolio in December 2017 and Compliance in March 2018.

Career

Prior to joining the bank, Tracey served as Acting Chief Executive of the Financial Conduct Authority (FCA) from September 2015 to June 2016. She joined the then Financial Services Authority (FSA) in 2001 where she held a number of senior roles, including: Director of Supervision and Authorisations, and Director of Enforcement and Financial Crime.

Tracey also served as a Board Member of the FSA from April 2013, as a member of the Financial Policy Committee of the Bank of England, and as Non-Executive Director of the Prudential Regulatory Authority (PRA) from September 2015 to June 2016. Prior to joining the FCA, Tracey worked as a lawyer in private practice, having spent time in law firms in the UK, USA and Brussels. In 2016, Tracey received a CBE (Commander of the Order of the British Empire) for her services to financial service consumers and markets.

External appointments

Tracey is a board member of UK Finance; a member of the International Regulatory Strategy Group (IRSG) Council; and chairs the Conduct and Ethics Committee of the Fixed Income, Currencies and Commodities (FICC) Markets Standards Board (FMSB)