FSA communications director John Murray quits
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FSA director of communications John Murray has quit after four years in the job.
FSA chief executive Hector Sants says Murray will leave the role in December.
Murray was appointed in April 2006 to head up departments handling strategic communications, media relations, public affairs, internal communications and events and conferences.
He joined the FSA from Powerscourt, a financial public relations firm he co-founded with former Sunday Times business editor Rory Godson.
Murray started his career in journalism during which time he held positions as business news editor of the Independent, city editor of both the Daily and Sunday Express and executive editor of the Daily Express.
In an internal communication to staff, seen by Money Marketing, FSA chief executive Hector Sants said: “John informed me earlier this year that he wished to move on after almost four years at the FSA. In that time, he has made a vital contribution to guiding the organisation through some of the most trying circumstances any of us have ever seen. We agreed he would stay until the end of the year and then take three months’ garden leave before moving on to fresh challenges.
“John has transformed the communications function during a period when the spotlight on the FSA has been at its most intense. I am personally very grateful for his support and the quality of his advice throughout the financial crisis and beyond.”
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Readers' comments (6)
Anonymous | 4 Dec 2009 3:58 pm
I hope they give him a copy of the book "Straight and Crooked Thinking" by Robert H Thouless. In fact the book should be recommended reading for all regulators, and IFAs for that matter.
They might find one on eBay. They can't have mine!
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Tim Kelsey | 4 Dec 2009 4:26 pm
Its nice that IFA's have in effect been able to fund his 3 month garden leave. Good to see the money going to the FSA is well spent.
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Anonymous | 4 Dec 2009 4:29 pm
they won't do that
they will spend £££££ on a champagne/canape leaving party. Then they will give him a MEGA bonus for all his good work.
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Phil Castle | 4 Dec 2009 6:06 pm
I'm sorry if I sound bitter and I don't mean the chap any harm as I have no knowlegde as to whetehr he personally did a good job or not, BUT if they'd made it 4 months gardening leave instead of 3, the maths would have been easier as based on the assumption he got a minimum of 4 weeks standard leave that would mean if we spread his 4 months over the number of years he worked, he'd have had 2 months off a year.......!
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Julian Stevens | 4 Dec 2009 6:43 pm
Does strategic comunications include explaining to the industry what the FSA meant by TCF?
Maybe Mr Murray quit because he was fed up with being gagged and not allowed to do his job properly.
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Anonymous | 5 Dec 2009 0:49 am
He has doubtless decided to leave as he clearly sees the writing on the wall - something that Sants chooses to push under the carpet - and Hector Sants was recently notified that the FSA are in deep doo-doo over giving creditors money away to the US government and then engaging in a massive cover up: they have it coming to them !
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