Titcomb takes on COO role as Norris quits FSA

8 July 2010 | By Nicole Blackmore

The FSA has appointed Lesley Titcomb as acting chief operating officer to replace Mark Norris who left the regulator last week.

Titcomb has been director of the small firms and contact division since February 2007.

She has been at the FSA since January 2006 when she was appointed director of regulatory transactions.

Norris, who was appointed COO in February 2009, has left to pursue “fresh challenges”.

He says: “It has been an int-eresting time at the FSA. Now is a good time to pursue other opportunities.”

Linda Woodall has been appointed acting director of the small firms and contact division, to replace Titcomb. Woodall was previously director of the investments and savings department, with responsibility for small investment and stockbroking firms and credit unions.

David Geale becomes sector leader for mortgages to take over the mortgage work Titcomb carried out. He was the manager of the FSA’s retail intermediaries and mortgage sector team and will head the mortgage market review.

Norris is the third director to quit the FSA since the Government announced its plans to split the regulator. Managing director of supervision Jon Pain and managing director of risk Sally Dewar resigned last month.

FSA chief executive Hector Sants says: “I want to thank Mark Norris for his strong leadership of the operations business unit and for his significant contribution since joining the FSA.”

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