FSA’s Peter Smith to leave in June
The FSA’s head of investment policy is to leave the regulator in June, it has been confirmed.
Peter Smith, the FSA’s head of investment policy, is to leave the regulator in June.
Mr Smith (pictured) is set to join the financial regulator in Dubai, the Dubai Financial Services Authority, and is the third high-profile departure from the FSA this year.
Chief executive Hector Sants announced his departure in March, saying he had “done all he needed to do” at the FSA despite being in line to lead the Prudential Regulation Authority when it launches next year.
Mr Sants had had originally announced his departure in 2010 but was convinced by the Treasury to stay on and lead the reform of the regulator into two new bodies, comprising of the PRA and Financial Conduct Authority.
The reform is expected to be concluded in early 2013.
Ms Cole will become a member of PwC’s executive board, replacing Owen Jonathan with responsibility for the office of general counsel.