Sally Dewar and Jon Pain are some of the names expected to be considered for the top job at the new Consumer Protection and Markets Authority, which will regulate IFAs.
Cicero Consulting director Iain Anderson says FSA managing director of risk Sally Dewar would be a good choice.
Dewar resigned from the post earlier this month and is due to leave the regulator in May 2011. A source close to the FSA said Dewar resigned because she did not want to be considered for the chief executive role, to replace Hector Sants, causing her to “re-evaluate her priorities”.
Anderson says: “Given that Hector Sants is now staying at the FSA, you have got to look at Sally Dewar, who resigned two weeks ago. She resigned before the new structure was announced so it will be interesting to see if she is interested in the job. I think she would be a good choice.”
Lansons Public Affairs and Regulatory Consulting director Richard Hobbs says FSA managing director of supervision Jon Pain is the natural choice for the role.
He says: “Jon Pain is the logical successor. But it will probably be someone who has had a largely public sector career, such as existing regulators and civil servants. People from outside the public sector will need to have made enough money and have their pension arrangements sorted out so they can afford to do it because the pay will be less.”