FSA Appoints New Directors

by Robin Pilgrim, LawAndTax-News.com, London

30 January 2006

The UK's Financial Services Authority last week announced the retirement of Oliver Page, director of major retail groups and financial stability sector leader, the appointment of John Murray as communications director, and some moves amongst existing directors.

Under the changes unveiled by the regulator on Wednesday, Oliver Page, who has been with the Financial Services Authority since its creation in 1998, and previously with the Bank of England, will retire at the end of April 2006.

John Murray, a former journalist, is currently a partner in the City public relations firm, Powerscourt. He is expected to join the FSA in April and will report to the FSA's chief executive, John Tiner.

David Strachan, formerly retail firms director, is taking over from Oliver Page as major retail groups director and financial stability sector leader, with the handover currently underway.

Sarah Wilson will take over from Mr Strachan as retail firms director as from 1 February, and as insurance sector leader as from April.

John Tiner announced that:

"Oliver was a key player in the creation of the Financial Services Authority and developing our approach to financial regulation. Before that he had enjoyed a long and distinguished career at the Bank of England. I would like to thank him for all of the support he has given to me and for his enormous contribution to the UK financial markets over many years."

He concluded:

"I am also very pleased to welcome John Murray as a member of the FSA's senior management team. His extensive experience as a communications specialist will be invaluable in helping us to explain the FSA's strategy and priorities to our extensive range of stakeholders."

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