HK watchdog chief Wheatley to head UK CPMA

As head of the CPMA Wheatley will be the man who oversees the running of the whole of the UK IFA sector, and monitor its safety and soundness. He will first join the FSA board in September as the new managing director of its Consumer and Markets Business Unit before taking his role at the new regulatory body by the end of 2012. The CPMA will act as the main watchdog for UK securities markets, and will regulate how all financial firms treat their customers and counterparties, including smaller financial companies. FSA chief executive Hector Sants says: "He will join our executive...