BusinessCompany NewsMcCarthy confirmed as FSA chairman

McCarthy confirmed as FSA chairman

Callum McCarthy has been officially appointed as the new chairman of the Financial Services Authority.

Link: Ofgem chief to succeed Davies at FSA

McCarthy, current chairman and chief executive of energy regulator Ofgem, is likely to receive a total package of around £400,000 and will work just four days per week.

The announcement was made by chancellor Gordon Brown today who said: ‘I am very pleased that Callum McCarthy has agreed to be the next chairman of the FSA Board.’

Brown said McCarthy would bring ‘an unrivalled combination of experience of the public sector, experience as a senior practitioner in the financial services industry, and chairman of a highly successful regulator’ to his role at the FSA.

The chancellor also took the opportunity to thank Sir Howard Davies, who will step down in September to make way for McCarthy.

‘That the FSA is now widely acknowledged as a world leader in its field is very largely thanks to Sir Howard’s drive and vision,’ Brown said.

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

3m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

7m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

7m Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

10m Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

10m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

10m Emma Smith, Managing Editor