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FSA appoints head of retail enforcement

The FSA has appointed Bill Sillett as its head of retail enforcement replacing Tom Spender.

Sillett took over the role following Spender’s move to head up another team within retail enforcement which focuses on small firms.

The FSA’s retail enforcement division is responsible for cracking down on misselling and oversees IFAs, mortgage brokers, insurance intermediaries and the sale of high risk products such as unregulated collective investment schemes.

Prior to becoming head of retail enforcement Sillett was a manager within the FSA’s retail enforcement team. He has also worked within the companies investigation branch at the Department of Trade and Industry.

Tracey McDermott remains in her role as the regulator’s acting director of enforcement and financial crime.

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Comments

There are 7 comments at the moment, we would love to hear your opinion too.

  1. No mention of salary or performance bonus structure. I have every faith in the remuneration committee to see him alright. It’s not real money in Quangoland.

  2. Phew about time too,, about time they cracked down on misselling, but what about missiling, missletoe and all the other misssthingummies?

  3. Would have been nice to see the appointment go to some-one outside of the FSA rather than a inbred from the same family.

    I think some-one needs to open the widows at CW to let some freash air in, must be quite thick now with the smell of all those snouts in the trough.

  4. @DH
    Have just sent an FOI request to the FSA as to whether the post was advertised externally, if there were any external candidates shortlisted.
    Basically was it a shoo – in for the trough merchants in-house

  5. The financial crime of the century is the fact that claimants can act with impunity……

  6. @ Chris
    Thought as much, I think this is disgusting and just go’s to show that rearranging the letters above the door will not make any difference come Jan 13. Same old people making the same old mistakes, brings a whole new meaning to desk share, must be fun being able find a new desk when the music stops, “Oh look I am head of retail enforcement”

    The FSA -: its my party, my game and if your names not down your not coming in !!!!

  7. Chris, please let us know what reply you receive.

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