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FCA hires ex-HBOS risk adviser to supervise retail banks- Poyntz-Wright gets new role

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The Financial Conduct Authority has hired former HBOS principal risk adviser Karina McTeague to lead its supervision of retail banking.

McTeague, who left HBOS for Lloyds TSB in 2003 and currently works across risk, policy and general counsel for Lloyds Banking Group, will join the regulator in November as director of retail banking in its supervision division.

Her appointment comes alongside the confirmation of three other supervision directors who have been acting in the posts since the team was set up in April.

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The appointments are Linda Woodall as director of mortgages and consumer lending, Nick Poyntz-Wright as director of long-term savings and pensions and William Amos as director of wholesale banking & investment management.

Amos was previously an FCA head of department in enforcement responsible for taking action against large firms and worked an economist at the Bank of England.

Poyntz-Wright joined the FSA as head of life Insurance in September 2011 having previously served as Skandia UK chief executive for six years.

Woodall, one of the architects of the mortgage market review, has worked at the FSA since 2001 after completing an MBA in leadership and management.

All four of the new directors will report to Clive Adamson, who remains FCA director of supervision.

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Adamson says: “I am delighted to have appointed Karina, Nick, Will and Linda to the Supervision division. They bring a wealth of industry and regulatory experience and will strengthen the leadership of the organisation.

“These appointments also provide more management depth to help us take forward the FCA’s agenda in the diverse sectors that they will lead.”

The FCA’s Supervision division has four sub-divisions and three main specialist departments.

The sub-divisions are: retail banking, wholesale banking and investment management, mortgages and consumer lending, and long-term savings & pensions.

The specialist departments are: general insurance and protection led by Simon Green, event supervision led by Susan de Mont, and prudential supervision and specialists led by Gerald Sampson.

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Comments

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

  1. Derek Bradley ceo Panacea Adviser 7th August 2013 at 9:13 am

    “McTeague, who left HBOS for Lloyds TSB in 2003 and currently works across risk, policy and general counsel for Lloyds Banking Group, will join the regulator in November as director of retail banking in its supervision division”.

    The FCA hit the deck running on April 1st kicking off its reign by publishing the latest “most-complained” list of financial firms for the second half of 2012.

    We should not be too surprised that the top 5 are all banks- Barclays came top of the ‘naughty step’ with 414,302 complaints in the second half of 2012, Lloyds, Bank of Scotland, MNBA, Santander follow behind.

    Is this a poacher turned gamekeeper appointment based upon expertise gained in bank miss-selling, and, on what salary?

    Surely we should be told?

  2. This is surely a joke?
    We’ve already seen how effective these guys have been in the past so what qualifies them for these positions now?
    Is this the old school network at play yet again?

  3. Makes a change from people leaving the FCA to work at a bank.

  4. Looks like a bunch of failures ?

    Just a bunch of Cuckoo’s who demand open mouthed to be fed.

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