FSA head of large complex UK banks Mandy Spink has decided to leave the regulator.
Money Marketing understands Spink is stepping down at the FSA to join consultancy Promontory, which focuses on regulatory advice.
Spink has been at the FSA since it was created in 1997, and has 20 years experience in financial services regulation.
She was previously head of mortgages and credit unions in the FSA’s small firms division. She also led the retail intermediaries sector team at the FSA, which was responsible for identifying trends and risks in mortgage, general insurance and financial advice firms.
The FSA confirmed Spink’s departure but declined to comment further.
The news comes one week after the regulator announced that conduct business unit director and former director of enforcement Margaret Cole is to leave the regulator after seven years.