Richard Farrant (appointed in 2005) is Chairman of both the charity Sustrans and the Investigation Committee of the Institute of Chartered Accountants. He is a non-executive director of Daiwa SMBC Europe. In 2006 he retired as Vice Chairman of United Financial Japan International Limited. Prior to this, he was Chief Executive of the Securities and Futures Authority, Managing Director and Chief Operating Officer of the Financial Services Authority, and a board member of the Gas and Electricity Markets Authority.