Risk, Reward and Market-Based Finance – In Conversation with Ashley Alder, Chair, Financial Conduct Authority

Mr. Richard Metcalfe

Head of Regulatory Affairs, The World Federation of Exchanges

Richard Metcalfe is Head of Regulatory Affairs at the World Federation of Exchanges (WFE). Before taking up his WFE post in March 2018, he worked on MiFID implementation at the Markets Division of BNY Mellon in London. He also has extensive experience in wholesale financial services and policy issues, with particular emphasis on derivatives and central clearing; and on asset management. In addition to working at ISDA and the IA, he has worked for SWIFT. 

Earlier in his career, he wrote for and edited various financial publications. He lives in London and studied languages at university. 

Mr. Ashley Alder

Chair, Financial Conduct Authority

Ashley Alder became Chair of the FCA Board in February 2023.

Ashley was previously the Chief Executive Officer of the Securities and Futures Commission (SFC) in Hong Kong, a role he has held since 2011.

He also chaired the Board of the International Organization of Securities Commissions (IOSCO).

Ashley began his career as a lawyer in London in 1984 and practised in Hong Kong for more than 20 years. He was Executive Director of the SFC's Corporate Finance Division from 2001 to 2004, before returning to private practice at Herbert Smith LLP, a law firm, as Head of Asia.