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FBI veteran joins FCA investigations team

FCA interior 620x430

A former US Federal Bureau of Investigation boss is to join the FCA as retail and regulatory investigations director.

According to a Bloomberg report, Michael Welch, who most recently ran Standard Chartered’s internal investigations unit in the UK, joins the FCA this month.

He will report to FCA enforcement and market oversight director Mark Steward, and replaces Tom Spender who now works for Lloyds Banking Group.

Welch previously ran the FBI’s international operations and worked at the agency for 30 years.

He moved to London in 2014 to work as group head of shared investigative services at Standard Chartered.

At the bank he is said to have worked with former spies, police detectives and compliance officers as part of a programme accredited by the City of London Police.



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There are 10 comments at the moment, we would love to hear your opinion too.

  1. Great, he’ll be cheap then

  2. “Water boarding” the new norm for UK regulation !

  3. Neil Liversidge 18th August 2016 at 9:42 am

    Maybe he’d like to start by looking at what happened to clients of Blueinfinitas Ltd?

  4. Very apposite. An untouchable joining the untouchables. Elliot Ness – eat your heart out.

  5. *Insert typical unprofessional generic dismissive/derisive comment*

  6. Hi, my name’s Special Agent Welch, I’m with the FCA. May I come in? I have a few questions I’d like to ask.

  7. Be afraid, very afraid. Did someone else say that once?

  8. Quis custodiet ipsos custodes? 18th August 2016 at 4:51 pm


  9. Anybody fancy some rehydration? Where is that hosepipe?

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