Ex-Lehmans exec to advise FCA on investment banking

The Financial Conduct Authority has appointed two senior advisers, including a former Lehman Brothers managing director who will advise the regulator on issues relating to investment banking activities.

Gunner Burkhart, also formerly managing director at Nomura International, will advise the regulator on wholesale and markets issues.

Mr Burkhart was a managing director of senior relationship management in Europe at Lehman Brothers in 2004. While there he worked for the firm’s executive committee and managed some of the firm’s largest hedge fund and asset management client relationships.

He also spent 15 years as managing director at Goldman Sachs, where he was co-head of the European equities business.

Former Competition Commission chief executive David Saunders will advise the FCA’s competition department and the yet-to-be-launched Payment Services Regulator, as well as with other business areas to ensure competition issues are addressed.