The FSA has appointed current retail firms division director Sheila Nicoll to replace Dan Waters as head of retail policy.
It follows an announcement the FSA is splitting its retail policy unit in two. Waters will now be director of a new conduct risk division.
Nicoll, director of the retail firms division since 2007, has previously worked with the Investment Management Association (IMA), London Stock Exchange and the Securities Association.
"I look forward to the move to retail policy and to tackling the many regulatory challenges in that area," Nicoll says.
The FSA yesterday pledged the structure and timetable of the retail distribution review (RDR) will remain unchanged despite the shake-up.
It adds Nicoll will retain her current responsibilities as director of retail firms until a replacement is found.
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