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Sir Hector Sants joins consultant Oliver Wyman

Former FSA chief executive Sir Hector Sants is to become a partner at management consultancy firm Oliver Wyman, according to reports.

Sants, who left his role as Barclays head of compliance and government and regulatory relations in November 2013 after suffering from stress and exhaustion, will take up the partnership in January, the Guardian reports.

He has been chairing the Archbishop of Canterbury’s taskforce on credit unions since quitting Barclays.

Prior to this, Sants headed up the FSA for five years and oversaw the introduction of the retail distribution review.

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There are 13 comments at the moment, we would love to hear your opinion too.

  1. Slightly selective recollection of Mr Sants’ time at FCA: ” and oversaw the introduction of the retail distribution review.”

    Sure there were no other notable points about his tenure? Say, regulating 10 major banks and allowing 5 to fail, for example?

  2. Can’t keep a good man down.

  3. The last refuge of the Scoundrel

  4. From reports elsewhere he is advising Abu Dhabi in setting up a financial centre. Oh Boy should be interesting

  5. It probably says more about a firm who is willing to employ him. From memory, wasn’t it this lot who bankrolled another walking disaster, Brian Hoban?

  6. It’s probably more accurate to say that Sants not so much oversaw the introduction of the FSA’s RDR as presided over the bull-in-a-china-shop embellishment of the version of it that was originally approved by Parliament. And then, shortly after Red Button Day, instead of seeing through its implementation…………he quit. Nothing like seeing a job through, eh?

  7. Are poor soul. He had to take time out from the FSA due to stress…………didduums……….

  8. Another quiet day in the Banana Republic of Great Britain.

  9. Oliver Wyman is a firm used extensively by the FSA when Mr Sants was in charge.

    I guess it confirms that buttering the bread continues to produce results

  10. Michael.White.BoutiqueCapital - Bridging Loans 16th December 2014 at 11:00 am

    I am aware the remarkable ‘ Sir Hector’ is expected to continue in that role as chairman of the Archbishop of Canterbury’s task-force alongside his new duties at Oliver Wyman.

    Therefore it would seem there is little in the way of actual work planned for him at Wyman’s? Accordingly, it is most unlikely he will again exit with a poorly headache and hand-writers cramp, as he did at Barclays…. Bless.

  11. E L Wisty (an only twin) 16th December 2014 at 11:45 am

    I have to say that my money was on Lord Sants of Arch cru joining Capita.

  12. Oliver Wyman, be afraid be very afriad

  13. Feet up with a cup of tea laughing my socks off at what goes on in this ‘industry’ – glad I’m not playing these silly games any more. People have gone to prison for less than this man has been responsible for – he must be laughing all the way to the bank (probably not british) again – how do these people get away with it? Hector, giz a job!

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