FSA appoints Titcomb as acting COO
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The FSA has appointed Lesley Titcomb as acting chief operating officer, to replace Mark Norris who left the regulator this week.
Money Marketing can reveal that Titcomb took over the post today. The FSA is due to make an announcement shortly.
Titcomb was appointed director of regulatory transactions in January 2006 and in February 2007 became director of the small firms and contact division.
She joined the Securities and Investments Board in 1994 after qualifying as a Chartered Accountant with Ernst & Young. Since then she has held a range of posts covering both regulatory and operational issues at SIB and the FSA.
Norris has been COO since February 2009.
An FSA spokeswoman says Norris left the regulator this week to “pursue fresh challenges and opportunities”.
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Readers' comments (5)
Anonymous | 1 Jul 2010 3:54 pm
I see from her resume above that she appears to have no regulated adviser experience.
Perfect qualifications to police regulated advisers wouldnt you agree???
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John Heaslip | 1 Jul 2010 8:21 pm
To anonymous: definition: A COO is a senior executive of a corporation or other business enterprise. The COO is responsible for the day-to-day operations of the corporation or business.
A common misconception is a COO is responsible for the external affairs of the corporation as well. The COO's duties tend to be focused on the internal operations of the business, while the CEO deals with external matters.
I admit that the CEO fits your description perfectly...
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Julian Stevens | 1 Jul 2010 10:02 pm
So yet another rodent has left "to pursue fresh challenges and opportunities” what an increasing number of people consider to be a sinking ship, not least the crew itself of the Bad Ship HMS Barmy Army. Problems with the steering (broken RuDdeR), problems on the bridge, problems in the engine room and maybe even the hull is now fatally holed below the waterline.
Are the challenges now on offer within the FSA perceived to be stale, with no worthwhile opportunities? Maybe the gravy train really is shuddering to a screeching and grinding halt and this is the beginning of a rush for the exit door. Dear, oh dear.
Who, we wonder, will there be left to head up the proposed new CP&MA?
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Anonymous | 1 Jul 2010 10:24 pm
Former Ernst & Young bean counter! Here is an example of their bean counting: Failure to regulate UK banking + decimation of independent advice = £20 million bonus, borrowed from the banks that they failed to regulate.
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Richard Farr | 2 Jul 2010 10:29 am
What should be more interesting for the majority of firms is who fills the role that Lesley has moved on from - Director of Small Firms and Contact Division.
A quick look at the FSA website confirms it is Linda Woodall who has been heading up the Investments & Savings Department with the "functional responsibility for small Investment and Stockbroking firms, and Credit Unions."
Richard Farr
Telos Solutions
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