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Knight among the tips for FCA chair

Former Prudential chief executive Nick Prettejohn, outgoing Phoenix Group chairman Ron Sandler and former British Bankers’ Association chief executive Angela Knight (pictured) have been tipped as potential candidates to chair the Financial Conduct Authority.

Executive recruitment firm Russell Reynolds Associates is handling the process to find a chair-designate for the FCA ahead of the transition to the new regulatory structure next year. It is currently putting together the list of final candidates.

Martin Wheatley, who joined the FSA in September from the Hong Kong Securities and Futures Commission, will become chief executive of the FCA.

Lansons director of regulatory consulting Richard Hobbs says: “Sandler has just declared he is stepping down from Phoenix and he did a previous simple products review for the Treasury, so he could feasibly take on the role.

“Prettejohn at one time chaired the FSA’s practitioner panel and has the required industry experience. Knight is leaving the BBA in the summer and said on leaving that she had ’one more job in me’ although this may not be the executive job she is after.”

Financial services barrister at 4 Pump Court Peter Hamilton believes Lord Leitch, currently chairman of Bupa and Intrinsic Financial Services and former chairman and chief executive of Zurich Financial Services, could be a possible contender.

Hamilton says: “Lord Leitch would be very good as he has extensive industry experience and was there when Hambro Life became Allied Dunbar and then Zurich. His background also means he understands corporate governance issues.”

Cicero Consulting executive director Mark Twigg says it will be difficult to recruit an FCA chairman.

He says: “The FCA’s remit is going to be much broader than the FSA’s. Knowing which issues to intervene in and why is going to take a lot of subtle political judgment.”


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There are 3 comments at the moment, we would love to hear your opinion too.

  1. Knight and Sandler? Are they insane. Knight is simply not up to the job and you only have to look at the utter mess the Sandler report was and the introduction of stakeholder products based upon his report should preclude him from any kind of position of resposibilty in our business. To think that either of these two could be condenders is astounding. I would rather see Hector the protector at the chair than either of these two. Considering I dont think Hell will ever be full until he is in it, thats some statement for me to make. Big LOL

  2. Does it really matter who is chair?

    Has it ever made any difference who is the face and the voice of the horde of regulators who keep beating the records set by all previous failures?

  3. George Williamson 28th April 2012 at 2:14 pm

    Ron Sandler & Angela Knight – if these buffoons are considered suitable for Chair of the FCA, then I would suggest that Plancton would be considered over qualified!

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