Margaret Cole appointed to FSA board

FSA managing director for enforcement and financial crime Margaret Cole has been appointed to the FSA board five years after joining the regulator.

Financial secretary to the Treasury Mark Hoban has announced Cole’s appointment which is effective from today.

Although the FSA is responsible for recruiting its own executive staff, it is the Treasury that makes appointments to the FSA board.

Cole (pictured) joined the FSA in July 2005 as director of enforcement, following 20 years as a solicitor in private private and graduating in law from Cambridge.

When she joined the regulator Cole pushed through a major reform of the enforcement process, leading a major restructuring programme to “upskill and redirect the FSA’s enforcement division.”

Cole took responsibility for the FSA’s financial crime and intelligence division in 2009. She is also a non-executive director of the National Skills Academy for Financial Services.

Mark Hoban says: “I welcome the appointment of Margaret Cole to the FSA board. Her credentials mean that she will bring valuable insight and experience to enhance further the strength of the FSA board.”

FSA chief executive Hector Sants says: “Margaret has driven the FSA’s strategy of credible deterrence over the last three years, building the in-house expertise, intelligence gathering tactics and litigation specialism used to ensure we achieve our statutory objectives in respect of protecting consumers, market integrity and financial crime.

“Her leadership and management skills have been critical to the strong progress we have made.”