The Treasury has appointed two new board members for the FSA, including the new IFA supremo, John Tiner.
Tiner joins as managing director of the consumer, investment & insurance directorate with direct responsibility for IFAs from consultancy Arthur Andersen where he was head of the worldwide financial services practice.
Carol Sergeant will take over from Philip Thorpe as managing director of the regulatory process and risk directorate. Sergeant has been heading the FSA's reorganisation. Her new role puts her in charge of the risk-based approach to regulation to be adopted after N2. Both appointments take effect from June 1.
FSA chairman Howard Davies says: “I am delighted to welcome John Tiner to the FSA. His extensive experience of financial regulation in the UK and overseas will add considerable strength to our top management.”