FSA to lose head of supervision
The Financial Services Authority (FSA) has announced that Jon Pain, managing director of supervision and an FSA board member, has decided to leave the organisation in 2011.
Chief executive officer Hector Sants said: "Following the announcement that the FSA will be split in 2012, Jon Pain has decided that there will not be a suitable role for him in the new structure. So, it is with regret that I have to announce that Jon has decided to leave the FSA next year. However, he has agreed to carry on as managing director of Supervision until the switch over to the new structure within the FSA, which we hope to achieve in January 2011.
"I would like to express my
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