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Ex-Lehman Brothers director joins FCA as senior adviser

The FCA has appointed two senior advisers, including a former Lehman Brothers managing director.

The regulator has taken on Gunner Burkhart to provide advice on wholesale and markets issues, and David Saunders to provide advice on competition issues.

Burkhart spent 15 years at Goldman Sachs before joining Deutsche Asset Management in 2001. In 2004, he joined Lehman Brothers as managing director of senior relationship management in Europe.

He then worked for PwC, assisting in the administration of the Lehman estate, before moving to Nomura International as managing director of senior relationship management and prime services.

Saunders has worked for over 35 years as a civil servant in the Department for Business, Innovation and Skills.

He was head of consumer and competition policy at BIS for four years, before becoming the chief executive of the Competition Commission in 2009.

He retired from the CC in March and is currently a special adviser at Europe Economics.

FCA chief executive Martin Wheatley says: “Both David and Gunner come with impressive experience in their respective areas, which will be a valuable resource for the teams as they look at competition and wholesale issues. I am delighted to have them on board.”


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There are 5 comments at the moment, we would love to hear your opinion too.

  1. One wonders if the FCA will go down faster than Lehman’s and the Brothers of Grimm . . .and their repercussions now ? or is the FCA taking on people who are more fully aware . . .in an attempt to get ahead of the old games ?

  2. He’s also ex Goldman, ex Deutsche, ex PWC and ex Nomura. But suppose that wouldn’t be as good a headline.

  3. Toot! Toot!

    The gravy train rolls along.

    Ex bankers and ex Big 4 accountants now working at the FCA, rake in the pension, golden handshake, golden goodbye and then off to another bank in around 3 or 4 years.

    What does it matter? It’s only our money!

  4. The term “Poacher turned Gamekeeper” springs to mind.

  5. Civil Servant and a Banker Eh!!

    Yes man and a yes please man should fit in well at the FCA with their “none for you and more for me” policy !!!

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