Former FSA managing director of supervision Jon Pain is to join KPMG.
Pain, who announced he was resigning from his role with the regulator last July, will join the firm as a partner in July this year, after a period of gardening leave from the FSA. Pain left the regulator in January.
He will work alongside Giles Williams, who leads KMPG’s centre of excellence in Europe, which is one of three centres that gather information on regulatory developments in financial services.
Prior to joining the FSA, Pain was at Lloyds Banking Group for over 25 years where he held managing director positions for private banking, general insurance and Cheltenham & Gloucester at different times during his employment there.
KPMG UK head of financial services Bill Michael says: “As a senior figure at the FSA who has been deeply involved with major regulatory changes and innovations, and through his various industry roles including MD of Cheltenham & Gloucester, he has acquired a truly extensive knowledge of the financial services regulatory landscape – from both sides of the fence. “