Former audit regulator head Haddrill moves to FLA

Stephen Haddrill, former head of the Financial Reporting Council (FRC), has been hired as director general of the Finance & Leasing Association (FLA)

He will take up the post in December after leaving his role as chief executive of the audit regulator at the end of September. He was replaced at the FRC by the former head of HMRC, Sir Jon Thompson.

The FLA is the leading trade body for the asset, consumer and motor finance sectors in the UK, and in 2018 members provided £137bn of new finance to UK businesses and households, £45.8bn for new and used cars for business and consumers.

Haddrill was CEO of the FRC fro 2009-2019, and previously was director general of the Association of British Insurers (ABI) from 2005-2009. He also held various senior positions at the Department of Trade and Industry, predecessor to BEIS, between 1994-2005, including director, competitiveness unit, director, employee relations and consumer affairs.

Haddrill said: ‘I am delighted to be joining the FLA and to have the chance to play a leading role in helping a key sector to underpin business investment and meet the expectations of retail customers in a fast moving economic and technological environment.’

Richard Jones, chairman of the FLA and managing director of Motor Finance & Leasing at Lloyds Banking Group, said: ‘Stephen has worked at the very highest level across a number of different industries. His breadth of experience is exceptional, and I look forward to working with him as he leads the FLA on its next chapter.’

Fiona Hoyle, head of consumer and mortgage finance at the FLA, will continue as interim director general until Haddrill takes up his new post on 1 December.

With the shake-up of jobs at HMRC and FRC, Jim Harra has now taken over as head of the tax authority with immediate effect on a permanent basis. He was originally named on an interim basis when Thompson left the organisation. 

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