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FRC strategy director Mridul Hegde resigns

FRC director of strategy Mridul Hegde has resigned from the UK reporting watchdog after less than a year in the role, Accountancy Age has learned.

Hegde, an experienced government civil servant, was recruited to the “critical” position as the FRC completed the most radical overhaul in its history, which saw it slash its seven operating arms down to just two.

On her appointment in July 2012 – she took up the position on 1 November – chief executive Steven Haddrill said the role would be “critical to the FRC and its future strategic direction”.

Before joining the FRC, Hegde served as director of financial stability at the Treasury where she had overall responsibility for the government’s interventions in the financial sector.

Accountancy Age understands that Hegde will work her notice period.

The FRC declined to comment.

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