The head of the Financial Markets Authority, Samantha Barrass, has confirmed she will not seek reappointment when her five-year term ends.
It is due to end in January 2027.
The FMA said Barrass would not seek another term, citing “emerging family needs in the UK.”
Acting chair Steven Bardy said Barrass informed the board of her intention at the end of last year.
The announcement comes less than a month after FMA chair Craig Stobo stepped down following an independent review that found his public comments did not meet the political neutrality standards expected of the head of an independent regulator.
Barrass said she would offer her “full support” to the board and the FMA to ensure a “smooth handover.”
“There is much to do as we continue to deliver against the priorities in our Financial Conduct Report,” she said.
Bardy praised Barrass’s leadership at the FMA. The FMA said it would begin the search for a new chief executive “shortly.”
Before joining the FMA in 2022, Barrass held several regulatory and executive roles in the United Kingdom and served as head of Gibraltar’s financial regulator until 2019.