UK - The Financial Services Authority's new chief executive will be John Tiner.
Tiner – currently managing director of the FSA’s consumer, insurance and investment directorate – will take over from Sir Howard Davies, who steps down in September.
He will be joined by Callum McCarthy, the current chairman of the Gas and Electricity Markets Authority who will take over as FSA chairman.
Tiner said: “It is a huge challenge and, given the dynamic and innovative nature of financial markets, I anticipate few dull moments.”
Tiner joined the FSA as managing director in April 2001 to spearhead reform of insurance industry regulation.
He was previously at accounting and consulting firm Arthur Andersen where he was head of its worldwide financial services industry practice.
Before that he led the Bank of England review of UK banking supervision.
Tiner will take up his new post on September 22.
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