Martin Wheatley, head of Hong Kong's financial regulatory body, has emerged as a leading candidate to head the Consumer Protection and Markets Authority (CPMA) when it is spun out of the FSA next year, according to reports.
Wheatley, a former deputy chief executive of the London Stock Exchange, has already said he plans to leave his post at the Hong Kong Securities and Futures Commission in June, the Financial Times reports. A final decision is expected within the next few weeks as the FSA continues preparations for its 2012 break-up into the Prudential Regulatory Authority (PRA) and the CPMA whose remit will encompass financial advisers. Margaret Cole, FSA director of enforcement, is considered the leading internal candidate on the shortlist to head the CPMA. Carol Sergeant, former head of risk at L...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
