Tiner to quit FSA for private sector
Chief executive will step down in July
John
Tiner, the chief executive of the
Financial Services Authority, will leave
the regulator in July for a job in the private sector, it has been announced.
Tiner has been with the FSA for almost six years, four of them as chief
executive, and had previously spent 25 years at Arthur Andersen.
Speaking on his decision to leave, Tiner said: ‘I would like to do another
job in the private sector before I think about retirement and this seems to me
to be the right time to pass on the baton, with the FSA set firmly on the road
to more principles-based regulation.’
Callum
McCarthy, chairman of the FSA, said: ‘In the UK, John has made an enormous
contribution to the health of the financial services industry and to the
wellbeing of those who use its services – both wholesale and retail.
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