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Mark Norris is appointed new FSA chief operating officer

The FSA has today announced the appointment of Mark Norris as its new chief operating officer, taking over from David Kenmir who leaves the post in April.

As COO, he will have overall responsibility for all aspects of finance, planning, HR and project management, facilities and information systems across the whole of the FSA.

Norris has 25 years experience in financial and professional services, most recently as COO of Credit Suisse’s UK private banking business.

His career includes senior roles in operations, audit and compliance in the UK as well as Japan, Hong Kong, Australia and the USA. A qualified accountant and member of the Institute of Chartered Accountants in England & Wales and Australia, Norris’ early career included Audit Services roles at KMG Thomson McLintock and Price Waterhouse.

He joined Jardine Fleming Hong Kong in 1994 and later took up the role of COO for the investment bank’s Japan operation. Between 1998 and 2003 Mark worked for Deutsche Bank and was head of operations for Deutsche Asset Management in Europe before moving to JP Morgan’s Worldwide Securities Services business in the USA. He subsequently took over as head of operations Europe at the bank’s Asset Management business in London.

FSA chief executive officer Hector Sants says: “Mark will be a valuable addition to the FSA’s management team. With such a strong financial background and such broad experience in operations and audit, he will play a key role in driving the FSA’s operations.

“I want to thank David Kenmir both for his outstanding service to the FSA and to the financial services industry over 20 years. In July he announced his decision to seek fresh challenges and I am grateful that he agreed to stay with the FSA while we searched for his successor. I wish him well for the future.”


£48Bn plunge for fund firms

Leading fund firms lost around £48bn of assets in 2008, with Fidelity International seeing £8bn wiped out, research from Money Marketing has revealed.

People on the move: Pensions 19/02/2009

Watson Wyatt has appointed Martin Muir as the leader of its insurance and financial services practice UK life team. Graham Fulcher has been appointed leader of the UK non-life team. Muir is a long-time consultant at Watson Wyatt while Fulcher joined in September 2008 from ACE.


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