Treasury director Hegde takes FRC executive directorship

THE FINANCIAL REPORTING COUNCIL has announced the appointment of Mridul Hegde as executive director of strategy.

She was director of financial stability at the Treasury from 2008, having previously been director of public spending between 2004 and 2008, advising the chancellor on the allocation and control of UK central government spending.

She has also worked at the Home Office, the Department for Culture, Media and Sport, the BBC and as a speechwriter for former chancellors Norman Lamont and Ken Clarke.

Chief executive Steven Hadrill said: “Mridul’s work on the financial crisis and its aftermath gives her strong insight into financial institutions and markets and a unique perspective on the business, economic and regulatory agendas.

“These will be of critical importance to the FRC as it develops its core aim of promoting high-quality corporate governance and reporting to foster investment.”

Hegde will sit on the executive committee and will start in early November.