Turner confirmed as FSA chairman
Turner has been confirmed as FSA chairman for a five-year term
Lord Turner of Ecchinswell, the former CBI director-general, was confirmed
yesterday as chairman of the
Financial Services
Authority (FSA).
He will take the FSA reins for a five-year term from September, when Sir
Callum McCarthy steps down.
Turner is a trusted adviser to Prime Minister Gordon Brown and the
government, having undertaken high-profile roles since leaving the CBI nine
years ago.
During his time at the CBI, Lord Turner consolidated a reputation for
intellectual rigour, gained from his previous career at the McKinsey management
consultancy, with a desire to give capitalism a human face, The Times
reports.
These attributes attracted him to the Labour Government as one of their
favourite advisers, commission chairmen and review conductors when he left the
CBI after a four-year term.
Further reading:
Former Downing St adviser likely to head FSA