Phillip Thorpe is to step down as a managing director of the Financial Services Authority and wil...
Phillip Thorpe is to step down as a managing director of the Financial Services Authority and will be taking a new role as President of the Futures Industry Institute based in the US.
Thorpe, who joined the FSA board in June 1998, said: "Being part of establishing a single regulator in one of the world's leading financial centres has been a fascinating experience. My new role gives me the chance to introduce many of the concepts underlying the FSA's formation to a wider audience."
Howard Davies, FSA chairman, said: "I am very sorry that Phillip has decided to leave us. He has made a great contribution to the construction of the FSA. But I fully understand his reasons for wanting to move to Washington."
Thorpe will remain with the FSA until July in order to complete a number of projects related to the restructuring of the FSA as it prepares to take on its full responsibilities later this year.
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