Richard Moriarty has been appointed the new head of the UK’s accounting watchdog, as it seeks to introduce significant reforms in the wake of a series of corporate scandals.
Moriarty, who led the UK’s aviation regulator for five years until this spring, will succeed Sir Jon Thompson as chief executive of the Financial Reporting Council, the government said on Monday.
Business minister Kevin Hollinrake described Moriarty as a “fantastic appointment”, adding: “His extensive background in leadership and specialised experience in regulatory and market reform will ensure the FRC continues to ensure business integrity and transparency.”
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