CEO for new broker regulator unveiled
The Financial Services Authority (FSA) has appointed Martin Wheatley as the new managing director of its Consumer and Markets Business Unit.
The appointment is effective from 1 September 2011 at which time he will also join the FSA Board.
In a separate announcement made by HM Treasury, Mr Wheatley has also been confirmed as the CEO designate of the Consumer Protection and Markets Authority (CPMA), one of the two successor regulatory bodies that will be formed from the future division of the FSA.
The CPMA is expected to be established by the end of 2012 and will be responsible for the regulation of insurance intermediaries.
Mr
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