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Sir Hector Sants appointed chairman of Swiss private bank

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Former FSA chief executive Sir Hector Sants is to join Swiss private banking group Julius Baer International as chairman from 1 July.

Sants succeeds head of northern, central and eastern Europe Gian Rossi, who steps down from the role after nine years.

Rossi says: “It is a great honour to welcome Sir Hector to Julius Baer. With his appointment we continue to demonstrate our ongoing commitment to the UK, and I am sure that we will benefit greatly from his long-standing experience in the financial services industry.”

In May advisers criticised the decision to appoint Sants to head an investigation into bank competitiveness.

Sants, who presided over the regulator during the financial crisis and the RDR, is heading a team at global management consulting firm Oliver Wyman, where he is vice chairman and partner, and release the first review in autumn.

In November 2013 Sants quit his role as Barclays head of compliance and government and regulatory relations due to stress.

He joined the FSA from Credit Suisse First Boston where he was chief executive for Europe, Middle East and Africa.

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Comments

There are 9 comments at the moment, we would love to hear your opinion too.

  1. Note to self – avoid Julius Baer International like the plague.

  2. So in the middle of heading up a review into bank competitiveness he goes to work for a bank? Seems like there may be a teeny tiny conflict of interest there.

  3. What school did this guy go to? Where-ever it was, get your kids on the waiting list!

  4. How does this tosser get these appointments!?

  5. Do these companies that appoint this man ever do any previous post research

  6. Alasdair Sampson 30th June 2015 at 11:16 am

    Here’s me thinking that its usually the poacher who becomes a gamekeeper!

  7. If the truth be known, they are employing the name, not the man; if he hadn’t headed up the FSA, failure or not, then I doubt they would have even opened his application form.

    Its plain to to see, would you honestly employ some-one in such a high powered position who cut and run from his last (real) employer with stress and then pissed about in a few other positions to fill the time !

    I do see some merit in employing the name, but it doesn’t say a lot about their integrity ?

  8. Thats them down the pan then

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