This week the FSA announced that Ken Hogg will take over from Sarah Wilson, who also headed up the treating customers fairly initiative.
An FSA spokesman says Hogg will not take on TCF in his new role as it has become part of the normal supervisory process.
Hogg is currently interim chief financial officer at MGM Assurance and will take up the post at the FSA on July 6.
He was previously chief operating officer at AIG Life and also spent 20 years at Aegon where he held senior actuary roles as well as being marketing director, director of industry development in the UK, and sales and marketing director in India.
Aifa director general Chris Cummings says: “Ken brings a wealth of industry experience and we are confident he will prove a success.”
Syndaxi Chartered Financial Planners managing director Robert Reid welcomes such experience to the FSA, saying that it is important “to redress the balance of bankers” at the regulator.