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Kenmir quits FSA after 20 years in regulation

David Kenmir is to leave the FSA after over 20 years spent in financial services regulation.

Kenmir, who has been covering as managing director of retail markets since Clive Briault left the FSA in April, is to leave the regulator early next year to pursue other career opportunities.

Until he leaves, Kenmir will return to his role of chief operating officer.

He joined what became the Securities and Futures Authority in 1988, becoming executive director of the auth- orisation and business conduct division. He held a similar role at the FSA’s inception in 1998 and then became director of investment firms before being appointed managing director of regulatory services in April 2004.

Kenmir was highly rated by advisers for his smooth handling of the professional indemnity insurance crisis in 2003 which could have seen many adviser firms go bust.

Highclere Financial Services partner Alan Lakey prai- ses Kenmir for his handling of the PI crisis and his willingness to meet with IFA critics.

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