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My Big Break: Former FCA boss Tracey McDermott

The FN 100 Most Influential Women list is published on 16 October

Tracey McDermott worked as acting head of the UK regulator and is now at Standard Chartered
Tracey McDermott worked as acting head of the UK regulator and is now at Standard Chartered Photo: Bloomberg via Getty Images

When Tracey McDermott took over as acting head of the Financial Conduct Authority in 2015, she became the first woman to hold the top job at the UK's markets watchdog.

Now Standard Chartered's head of conduct, financial crime and compliance and part of the Bank of England's central bank digital currency engagement forum, she remains one of the most influential voices shaping the future of City regulation.

Financial News will reveal this year's 100 Most Influential Women in Finance on 16 October and will showcase the careers of some prominent City women in the build up to launch. We asked McDermott some questions on the keys to her success, and what she would tell other women looking to emulate her achievements in finance.

(Sign up to FN's newsletters here to be the first to hear who makes the final list).

What was your first big break?

Having started my career as a lawyer in private practice, my move to the regulator in 2001 was a pivotal career moment.

The opportunity to work with, and learn from, a wide range of talented, passionate and committed people with a broad array of expertise and experience was critical in building both my technical and leadership capabilities.

Who do you consider a professional role model and why?

Callum McCarthy, the former chair of the Financial Services Authority.  He combined great intellect with curiosity and humility and could always see immediately to the heart of the problem.

More importantly, he always put people first and demonstrated genuine humanity and care for colleagues at all levels.

What one piece of advice would you give to women in the City?

Be curious, be confident and above all be true to yourself.

The FN 100 Most Influential Women list is published on 16 October. To make sure you're first to hear about it, sign up to our newsletters here.

You can also download the FN app or follow us on social media here to keep up to date with the list.

To contact the author of this story with feedback or news, email Justin Cash

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