FCA Announces Senior Leadership Appointments

FCA News & Press Releases

Published March 5th, 2026

Detected March 6th, 2026

Summary

The Financial Conduct Authority (FCA) has announced two senior leadership appointments: Chris Knight as Director of Insurance and David Lymburn as interim Deputy Managing Director of the Payment Systems Regulator (PSR). These appointments aim to strengthen the FCA's capabilities and support its strategic priorities.

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What changed

The Financial Conduct Authority (FCA) has announced the appointment of Chris Knight as Director of Insurance, effective July 2026, and David Lymburn as interim Deputy Managing Director of the Payment Systems Regulator (PSR), effective February 2026. Knight joins from Legal & General, bringing extensive experience in risk management and retail retirement. Lymburn has a background in financial services and payments roles at major banking institutions.

These appointments are part of the FCA's strategy to enhance its regulatory capabilities and become a 'smarter regulator'. While these are internal leadership changes and do not impose new direct obligations on regulated entities, they signal a continued focus on strengthening expertise within key regulatory areas. Compliance officers should note the FCA's ongoing commitment to its strategic priorities.

Source document (simplified)

FCA announces senior leadership appointments

News stories First published:

05/03/2026

Last updated: 05/03/2026
We have appointed 2 new senior leaders, further strengthening our capability across key areas of our remit.

Chris Knight will join us in July 2026 as director of insurance within our Supervision, Policy and Competition (SPC) division. He joins the FCA from Legal & General, where he has been the group chief risk officer for the last 5 years and member of the Group management committee. Prior to this, he was CEO of Legal & General Retail Retirement for 3 years.

David Lymburn joined the Payment Systems Regulator (PSR) on 23 February 2026 as interim deputy managing director. David brings over 15 years’ experience in financial services, including as chief operating officer and global payments programme director at Nordea Bank and payments roles at the Royal Bank of Scotland and Lloyds Banking Group. He will serve in this interim role while the permanent recruitment takes place.

Sarah Pritchard, deputy chief executive, FCA, said:

'We welcome Chris and David into their new roles. They bring considerable industry and leadership experience and will play a vital part in driving forward our strategic priorities – strengthening our capabilities, accelerating our journey to become a smarter regulator, and ensuring we continue to support economic growth and improve lives across the UK.'

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