The Financial Services Authority has today appointed three new managing directors in its latest bid to revamp the regulatory body.
Hector Sants, Clive Briault and David Kenmir will all be taking on the roles as FSA directors this spring. Additionally, they will also become members of the FSA Board.
Sants, who currently works for Credit Suisse First Boston (CSFB), will become MD for wholesale and institutional markets, which will include the responsibility for all regulated markets.
Briault has been appointed MD for retail markets. Currently working as prudential standards director at the FSA, he will have the overall responsibility for the regulator's extensive consumer agenda.
Furthermore, Kenmir, already widely known as director of investment firms at the FSA, has become promoted to MD for regulatory services.
Briault and Kenmir will commence their roles on April 1, while Sants will take up his appointment a month later.
As announced previously, Michael Foot will stand down as MD at the end of May when his current term comes to an end.IFAonline
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