The Financial Conduct Authority (FCA) has appointed Kate Collyer as its chief economist.

She is currently chief economist for Energy and Market Frameworks and joint-director of analysis at Department for Business, Energy and Industrial Strategy (BEIS).

The FCA’s chief economist division, which Collyer will head, provides rigorous economic thinking, research, analysis and advice to help the FCA deliver on its strategic objective of making financial services markets work well, and to assess and demonstrate the impact of FCA interventions on those markets.

As well as managing the FCA’s economic research and analysis, the FCA’s chief economist jointly heads the wider competition and economics division.

As chief economist, Collyer will act as an adviser to the FCA’s executive committee and board.

She will take up the new role in October.

Collyer said: “I am delighted to be joining the FCA to lead their expert and highly regarded economics team. The FCA has an impressive reputation for thought leadership and I am looking forward to leading work to further promote economics and analysis across the FCA.”

Christopher Woolard, executive director of strategy and competition at the FCA, added: “Kate will play a vital role at the FCA, further embedding the use of economic analysis in our decision making and assessing how well the interventions we make are working. Kate’s excellent economic credentials, and her experience of managing diverse teams will be a huge benefit, given the breadth of analysis the FCA undertakes. I look forward to welcoming her.”