FCA appoints David Geale as executive director for payments and digital finance

Article summary

The Financial Conduct Authority (FCA) has appointed David Geale as permanent executive director for payments and digital finance, as well as managing director of the Payment Systems Regulator (PSR). In this role, Geale will oversee the implementation of the National Payments Vision and advance the FCA’s work on open banking and digital finance initiatives. He will also play a key role in consolidating the PSR into the FCA, following the government’s announcement in March 2025, and will supervise payments and cryptoasset firms under the new regulatory regime. In addition, Emad Aladhal and Andrea Bowe have been confirmed in permanent roles as director of retail banking and director of the specialist directorate, respectively, as part of the FCA’s regulatory restructuring.