Nikhil Rathi


Nikhil Rathi is the chief executive designate of the UK's Financial Conduct Authority.

Early life

Rathi grew up in Barrow-in-Furness, Cumbria, the son of Madhu and Dr Rajendra Rathi, a local magistrate, having moved there aged three. He was educated at Chetwynde School, followed by the University of Oxford, where he earned a first class degree in Philosophy, Politics and Economics. He was Cumbria under-12 tennis champion.

Career

From 2005 to 2008, Rathi was Private Secretary to the UK Prime Minister.
Rathi worked for HM Treasury from 2009 and 2014, and was director of the financial services group, leading the UK's EU and international financial services interests.
In May 2014, Rathi joined the London Stock Exchange as chief of staff and director of international development, and in 2015, was appointed CEO.
In June 2020, HM Treasury appointed Rathi to be the new chief executive at the FCA, succeeding Andrew Bailey, after his appointment as the Governor at the Bank of England in March 2020, and Christopher Woolard, who is acting as interim CEO.. Rathi is to take over in the Autumn.

Personal life

Rathi is married, with two children, and lives in London.