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FSA appoints head of markets division

The FSA has appointed David Lawton as permanent head of the regulator’s markets division.

Lawton assumed the role of acting director of markets last October, following the departure of Alexander Justham.

The FSA’s markets division oversees the UK Listing Authority, wholesale conduct policy, market surveillance and market abuse investigations.

Lawton joined the FSA in January 2005, and has also held the role of of head of department of market infrastructure and policy at the FSA.

Prior to joining the regulator he worked at the Treasury, and was responsible for securities and wholesale markets policy, prudential capital standards and corporate governance.

In an internal memo sent to FSA staff yesterday, Financial Conduct Authority chief executive designate Martin Wheatley said: “I am delighted to let you know David Lawton has been appointed director of the markets division. David has been acting director of markets since October last year and we are thrilled he has accepted this permanent appointment, effective today.

“David has a deep technical knowledge and strong connections within the EU, including with the European Securities & Markets Authority. He is also a respected leader in the markets division.”

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Comments

There are 2 comments at the moment, we would love to hear your opinion too.

  1. So, yet another one who has never had a proper job.

  2. Picking up your point @ anon. 10.04

    ‘David has a deep technical knowledge……..’

    Presumably ‘theoretical’ knowledge would be more accurate as no mention of David ever having actually worked within any of the markets has been made.

    Even with something as basic as driving a car there is theory and practice. I doubt a driving examiner who was not an expert driver would be acceptable so why do we ask anything less of the man charged with examining the markets to see they are working efficiently.

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