The Financial Conduct Authority (FCA) has hired ex-Kleinwort Benson chief executive Robert Taylor as head of wealth management and private banking in its supervision division.
Taylor also previously worked at Merrill Lynch, SG Hambros, and Coutts.
He will start in his new role at the beginning of February 2014 and will report to director of long term savings and pensions Nick Poyntz-Wright.
FCA director of supervision Clive Adamson said: "I'm delighted that Rob is joining our senior team at the FCA.
"He has an extensive knowledge of the market and strategic insight that will be extremely useful as we continue to develop our new regulatory focus on the wealth management industry.
"The addition of such an experienced practitioner will be warmly welcomed by both FCA staff and the sector."
Taylor added: "The wealth management sector is hugely important to the UK's financial services. I'm looking forward to working closely with an industry I know well to ensure that its clients are being well served."
Since leaving Kleinwort Benson in 2011, Taylor has worked across a variety of sectors from the investment management industry to academia and the arts.
He is also currently chairman of the University for Creative Arts and of the Whitechapel Gallery in East London.
Taylor's experience in financial services spans 20 years and he worked in countries including the UK, US and Germany.
His management career, which includes 13 years in senior positions, centred on the development and execution of business, marketing and brand strategies in private banking and asset management businesses.
At Kleinwort Benson he re-launched the Kleinwort Benson brand as a UK private bank and restructured the bank to improve its income and service proposition.
Taylor had also led the business through its change-of-control following the credit crunch.
Questionnaires sent to firms
Expecting to recover around £200m
Financial regulators renew anti-pensions scam campaign
Our weekly heads-up for advisers