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.