The Treasury has appointed Charles Roxburgh as director general of financial services.
Roxburgh will have responsibility for all issues relating to financial services, the financial system and financial stability.
Currently he is a senior partner at econmoic research firm McKinsey & Company where he specialises in working with financial institutions. He is also co-head of the McKinsey Global Institute and is a member of the firm's global board.
He replaces Jonathan Taylor, who has been appointed vice-president of the European Investment Bank.