FSA appoints new director
1st February 2007The FSA has announced the appointment of Lesley Titcomb as Director of the Regulatory Transactions Division.
Lesley joined the Securities & Investments Board, predecessor to the FSA, in 1994. Since then she has held a wide range of posts covering both regulatory and operational issues at both SIB and FSA. In her new role Lesley will report to David Kenmir, MD of the Regulatory Services Business Unit.
FSA Chief Executive John Tiner said:
"I am delighted to welcome Lesley to the director team. She brings with her a wealth of regulatory experience including spending the last 12 months working with me and the Executive Committee in developing the strategy for the organisation and building on FSA's move to more principles based regulation"
Regulatory Transactions Division is one of the largest divisions in the FSA, and is responsible for many of the FSA's core regulatory processes. These include the authorisation of firms in all sectors that want to do financial services business and the approval of individuals who wish to undertake certain functions in financial services firms. It also covers a range of other regulatory decisions, including dealing with applications for waivers from our rules.
The vacancy at director level arose following the creation of the Financial Crime and Intelligence Division announced by John Tiner at FSA's Annual Financial Crime Sector Conference on 22 January.
