Tracey McDermott
Biography
Tracey McDermott joined the Export Guarantees Advisory Council (EGAC) in August 2025.
Tracey is a highly respected leader in financial services, regulation, and sustainability, with over three decades of experience spanning both the public and private sectors.
Most recently, she served as Group Head of Conduct, Financial Crime and Compliance at Standard Chartered Bank, where she led a global transformation of the compliance function, oversaw major financial crime remediation programmes, and championed the bank’s net-zero and socio-economic mobility initiatives.
Before joining Standard Chartered, Tracey spent 15 years at the Financial Conduct Authority (FCA) where she held several senior positions, including serving as Acting Chief Executive Officer, Executive Director of Enforcement and Financial Crime, Executive Director of Supervision and Authorisations. During her time at the FCA, she spent a decade working in enforcement and financial crime. Prior to that, Tracey spent 10 years as a commercial lawyer in private practice.
Tracey played a key role in shaping the UK’s regulatory response to financial misconduct and has been a member of key national and international regulatory bodies, including the Financial Policy Committee of the Bank of England and the boards of IOSCO and ESMA.
Tracey has served on numerous boards and advisory groups, including as the inaugural Chair of the Net Zero Banking Alliance, Chair of the Standard Chartered Foundation and a member of the board of the Prudential Regulatory Authority, the International Organization of Securities Commissions, the European Securities and Markets Authority.
She was awarded a CBE in 2016 for services to financial markets and consumers.
Tracey holds an LLB from Queen Mary University of London and has served as an Honorary Professor at its Centre for Commercial Law Studies.
Member, Export Guarantees Advisory Council
Export Guarantees Advisory Council (EGAC) provides advice to UK Export Finance and its ministers on the policies UK Export Finance applies when doing business including:
- environmental impacts and human rights
- sustainable lending
- bribery and corruption
- disclosure, including freedom of information requests