FSA executive to join FRC
Paul Boyle, chief operating officer at City watchdog the Financial Services Authority, will join the accountancy regulator in May as its new chief executive.
Link: The Debate: The role of the FRC
Boyle is an accountant and has been finance director at a number of leading plcs including WH Smith and Cadbury Schweppes.
He will join the FRC alongside a number of other senior appointment as the beefed-up regulator assumes its full powers as financial reporting, auditing and accountancy watchdog.
Paul George, a former audit partner at KPMG, will become director of the new Professional Oversight Board for Accountancy (POBA), a subsidiary body of the FRC.
The Audit Inspection Unit, part of POBA, will come under the directorship of Andrew Jones, also a former KPMG audit partner, while Michael Lewington will replace Ann Wilks as FRC secretary.
Sir Bryan Nicholson, chairman of the FRC said: ‘I am very pleased that we have identified such outstanding people to join the FRC and take on these important roles at such a key time in the development of the new regulatory structure.’