FSA’s Cole to join PwC

FORMER FSA managing director Margaret Cole is set to return to PwC.

Cole, who will step down as enforcement director at the authority later this year, will take the role of general counsel. She will take on the position in place of its current counsel Owen Jonathan, who retires from the firm in December.

Cole has spent seven years at the FSA, and her departure announcement last month preceded that of FSA chief executive Hector Sants.

Ian Powell, PwC chairman and senior partner, said: “I am delighted to welcome Margaret to PwC. The complexity of current and proposed legislation affecting PwC and our clients requires a General Counsel with extensive experience, expertise and judgement. Margaret has demonstrated these qualities in her career to date in public and private practice, and at the most senior level at the heart of financial services regulation.”

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