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Margaret Cole to join PwC

Margaret Cole

FSA conduct business unit managing director and former director of enforcement Margaret Cole is to join PricewaterhouseCoopers later this year.

The Times reports that Cole, who announced she was leaving the FSA last month after nearly seven years with the regulator, will become the senior legal adviser at PwC’s British division and join the executive board.

Cole will be on gardening leave from the end of this month until August 31 before joining PwC.

The Times reports that PwC’s partners received an average profit share of £763,000 last year with board members earning substantially more.

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Comments

There are 4 comments at the moment, we would love to hear your opinion too.

  1. I think it is now time for a serious investigation into the revolving doors between the FSA and PWC.

    These people are taking the pi55.

  2. I wonder if PWC checked if she knows what “Toxic” means.

  3. Quelle suprise!

  4. I realise it may be a constraint of trade, but why cant there be a moritorium of say 2 years before this kind of disreputable behaviour can occur. As it is currently, Ms Cole can be poached by PWC or others when she is still in office. They then tell her to resign and claim her 6 months gardening leave money, then, when the gardening leave is over, work for us with an undisclosed golden hullo.
    Why should she and Hector get any gardening leave pay? If there is a moritorium on working for related companies for 6 months, do not pay them, or allow other companies to pay either.
    So we now know that Hector will turn up somewhere in 6 months time. And to think the FSA lectures US on ethics!

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