The former interim chief of the City watchdog is to join EY, the big four accountancy firm, to lead a key part of its global financial regulation business.
Sky News has learnt that EY will announce the appointment of Christopher Woolard as a partner on Thursday morning.
Mr Woolard, who left the Financial Conduct Authority (FCA) last autumn after missing out in the race for the top job, will oversee EY’s financial services regulatory practice across Europe, the Middle East, India and Africa.
He will also chair the firm’s Global Financial Services Regulatory Network, according to a person briefed on his appointment.
Earlier this month, Mr Woolard published a review of Britain’s unsecured credit market, in which he called for ‘buy now pay later’ firms such as Klarna to be brought within the remit of full FCA regulation.
His appointment will come nearly six months after his departure from the FCA, which is likely to diminish criticism of his move from Britain’s main markets regulator to the private sector.
Mr Woolard was considered unfortunate to have lost out to Nikhil Rathi, a London Stock Exchange Group executive, as the FCA’s new boss, having stepped in as its acting CEO after Andrew Bailey became governor of the Bank of England.
Prior to the FCA, he worked for the telecoms and media regulator, Ofcom, and the BBC.
In April, he is due to become a trustee of Which?, the consumer rights-focused charity.
His appointment at EY will see him replacing John Liver, who is expected to retire in September after holding the financial services regulatory role for 15 years.
The arrival of Mr Woolard will come at a critical time for the UK arms of the big four’s global networks, with reforms paving the way for greater separation of their audit and consulting businesses about to be consulted on by ministers.
EY declined to comment on Wednesday.