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FCA appoints director of retail supervision

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Former Direct Line chief operating officer Jonathan Davidson has been appointed to the new FCA role of director of supervision for retail and authorisations.

The position was created as part of the regulator’s “new strategic approach”, sitting alongside Tracey McDermott who is director of supervision – investment, wholesale and specialist.

Davidson is currently an adviser to private equity and financial services firms and is part of insurer and employee benefit consultant Jardine Lloyd Thompson’s strategic advisory group.

He will take up his post in the autumn.

FCA chief executive Martin Wheatley says: “This appointment is another example of the FCA being able to attract the best talent from across the financial sector. Jonathan has experience of working across the globe as well as in the United Kingdom.

“Given the increase in our supervisory work in retail over the last two years, this is an incredibly important role and I look forward to working with Jonathan.”

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Comments

There are 4 comments at the moment, we would love to hear your opinion too.

  1. It’s all a bit W1A, isn’t it. Yeah, no? Cool.

  2. @Paul

    “Head of Values”?

  3. This job application was advertised where ?

    Was the job “created” to accommodate the person ?

    In charge of authorisations ? going to be a pretty quite job I would have thought, I hope he has had some experience of mental care,….. anyone applying for authorisation into this god (which ever one you kneel before) forsaken industry would need their bloody head looking at.

    Unlimited liability to a regulator, unlimited liability for other peoples mistakes, unlimited liability for as long as you live for yourself, and a chance to work in an industry so bogged down with rules and regulations you need to be in control of a JCB just to move.

    Come and sit in the hand cart that is destined for hell !!! there is plenty of room, and don’t forget your 6 pieces of silver to pay the ferry man !!

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