Ex-FSA head Sally Dewar to join JP Morgan Chase
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JP Morgan Chase has appointed former FSA head of risk Sally Dewar to work within its risk division.
Dewar joins the bank’s London office in June 2011 as a managing director, reporting to the firm’s global head of risk Barry Zubrow.
Dewar will be tasked with leading the bank’s responses to rulemaking and regulatory initiatives from the likes of the European Union and the US.
Dewar is currently on gardening after leaving the regulator last month.
Speaking to the FT, Dewar said her initial focus would be working on several EU legislative projects, such as the planned changes to MiFID.
She said: “I’ve always been passionate about the reform agenda and getting it right,
“There is still a lot to get right and a lot that can go wrong if people don’t focus on it.”
“It’s very much an externally focused role, about getting on the right stakeholder groups and helping regulators understand the impact of policy before it is implemented.”
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Readers' comments (6)
Anonymous | 8 Feb 2011 11:27 am
The FSA has often perceived risk where there is little of it and not perceived it when the risk is huge.
That's Morgan Chase off our list then.
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Incompetent Regulators Awards Team | 8 Feb 2011 12:12 pm
agree with 1st post. Boycott JP Morgan
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pete h | 8 Feb 2011 12:31 pm
".......helping regulators understand the impact of policy before it is implemented". Oh yea!! Pity you couldn't do that when you were sat arouind Lofty Towers with the other parasites dreaming up scheme after scheme to keep yourselves in well oiled jobs and to hell with the consequencies!!
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Steven Balmer | 8 Feb 2011 3:10 pm
Shocking, what a surprise that an FSA head takes up a roll with a prominent bank. I don't doubt he FSA have got a lot of credible staff but it seems those hidden agenda's are ever more visible.
UK regulation is morally corrupt and it seems to me the banks can afford to pay for a seat at the right table.
“It’s very much an externally focused role, about getting on the right stakeholder groups and helping regulators understand the impact of policy before it is implemented.”
Not so much about changing bank practices as influencing regulatory policy.
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Anonymous | 8 Feb 2011 3:35 pm
Reward for a job well done??? Who knows..
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Anonymous | 8 Feb 2011 3:41 pm
Given this womans prominent position everything she has implemented is potentialy tainted due to her second agenda whilst working for the regulator.
No senior person in the FSA should be allowed to join another Financial Services business for two years to avoid this blatent abuse of position.
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