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Tracey McDermott

Tracey McDermott

Group Head, Conduct, Financial Crime & Compliance, Standard Chartered Bank
Tracey brings a wealth of legal and regulatory knowledge to her role at Standard Chartered. Her experience in financial services regulation in the UK during a time of unprecedented change has given her a unique insight into the impact of politics, regulation and public perception on business models and business strategy. Tracey joined the Group in March 2017. She currently holds the position of Group Head Corporate Affairs, Brand & Marketing and Group Head, Conduct, Financial Crime and Compliance. Prior to joining the Group, 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, US 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. Tracey sits on the board of UK Finance, is a member of the International Regulatory Strategy Group (IRSG), and is an Honorary Professor at the Centre for Commercial Law Studies at Queen Mary University of London. She co-chairs the 30% Club Higher Education Initiate.