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FSA director steps down

Phillip Thorpe is to step down in May from his FSA post of managing director for authorisation, enforcement and consumer relations. He is taking on a new role as president of the Washington-based Futures Industry Institute.

Thorpe was director and chief executive of IMRO from 1993 to 1998 and director of the Securities and Futures Authority from 1991 to 1993.

FSA chairman Howard Davies says: “I am very sorry that Phillip has decided to leave us. But I fully understand his reasons for wanting to move to Washington.”

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