FRC appoints Mridul Hegde as Executive Director of Strategy

News types: Generic Announcement

Published: 24 July 2012

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The FRC today announces the appointment of Mridul Hegde as Executive Director of Strategy. In this new role Mridul will have overall responsibility for helping the FRC develop its strategic direction and shape its external affairs profile, including internationally.
Mridul will report directly to the Chief Executive of the FRC, and will sit on the Executive Committee. She will start at the FRC on 1 November 2012.
 
Commenting on this appointment, Chief Executive Stephen Haddrill said,

“Today we are announcing a significant appointment, a role which will be critical to the FRC and its future strategic direction. 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.  I look forward to welcoming her on board on 1 November.”


Mridul Hegde said,

“I am delighted to be joining the FRC.  I have seen at first hand over the course of the financial crisis how important the FRC’s work is to the UK’s economic performance and international reputation and am greatly looking forward to contributing to it.”


Notes to editors:
  1. The FRC is the UK's independent regulator responsible for promoting high quality corporate governance and reporting to foster investment.  The FRC sets the framework of standards for the accounting, auditing and actuarial profession, oversees their conduct and develops and promotes the UK Corporate Governance and Stewardship Codes.
  2. Mridul Hegde was appointed as Director of Financial Stability in Her Majesty’s Treasury (HMT) in 2008.  In this role she had overall responsibility for the UK Government’s interventions in the financial sector and for the ongoing stewardship of the Government’s financial sector holdings. From 2004-2008 she was Director of Public Spending advising the Chancellor on the allocation and control of UK central government spending. Earlier roles include periods at the Home Office and the Department for Culture, Media and Sport; working as a policy adviser at the BBC; and as speechwriter and private secretary in the private offices of former Chancellors of the Exchequer Norman Lamont and Ken Clarke.  She read Philosophy, Politics and Economics at Balliol College, Oxford and has an MSc in Economics.

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