FSA chairman Sir Callum McCarthy, who is due to leave the regulator in September, has been appointed as a non-executive board member of the Treasury.
His appointment takes effect from 1 October 2008 for a period of three years.
The Treasury Board shapes the vision, strategy and priority of the Treasury Group to deliver Ministers' objectives and communicates these to staff and other stakeholders.
McCarthy joined the FSA in September 2003 from the Office of Gas and Electricity Markets where he was chairman and chief executive. He had previously held senior positions in Barclays Bank, BZW and Kleinwort Benson, as well Department for Trade and Industry.
He is an economist and graduate of the School of Business at Stanford University, where he was a Sloan Fellow.
McCarthy will be replaced as chairman of the FSA by Lord Adair Turner. His tenure at the regulator was eventful as he had to admit to failings in the supervision of Northern Rock and oversee the launch of the Retail Distribution Review (RDR).
Annuity market worth £4bn in 2017
For ‘distress’ caused
Oversees £30bn of advised and D2C assets
Less than a third of top paid employees are women
£1bn business since inception