Sam Woods named as new PRA chief
Woods replaces Andrew Bailey who is taking over as CEO of the FCA.
Sam Woods has been appointed as deputy governor for prudential regulation and chief executive of the Prudential Regulation Authority (PRA), effective 1 July this year.
Woods was appointed for a renewable term of five years and will succeed Andrew Bailey, who is leaving the position at the end of June.
In turn Bailey will take on his new role as chief executive of the Financial Conduct Authority (FCA).
According to the Bank of England, Woods will continue in his current role as executive director
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