FSA hires adviser on UK retail banks

Graeme Hardie, who also spent 27 years at RBS Group, has been hired on a part-time basis and takes the role from Naguib Kheraj, who has joined JPMorgan Cazenove. Hardie joins at what could prove a pivotal time for the regulation of UK banks following the purchase of HBOS by Lloyds TSB and the wider financial volatility. Also joining the FSA in an advisory role is Ian Marshall, a former chief operating officer at the Financial Ombudsman Service (FOS), who will advise on wholesale insurance issues. FSA chief executive Hector Sants says: “Both individuals will bring a wealth of knowledge...