19 Mar, 2008
Clive Briault, managing director of the retail business unit at the
Financial Services Authority is to step down from his post at the
end of April.
Hector Sants, chief executive of the FSA sent a note to staff
today, which says: "It is with regret I announce that Clive Briault
is leaving the FSA by mutual agreement at the end of April. Clive
has been an outstanding colleague who has contributed much to the
organisation in his time at the FSA and before that with the Bank
of England. I am sure you join me in wishing him all the best for
David Kenmir will take on the role in an acting capacity. The role
will also be immediately advertised externally and internally.
Kathleen Reeves, HR director, will take on Kenmir's current
role as chief operating officer, also in an acting
Sants adds: "Furthermore, in order to strengthen our capacity
in the key areas of large retail group supervision and financial
stability, I have decided to allocate them dedicated directors.
David Strachan will concentrate solely on his role as financial
stability sector leader. He will join the chief executive's
office alongside Thomas Huertas. Clive Adamson will then take on
the role of director of Major Retail Groups, again in an acting
capacity. These will be effective from 7 April. This role will also
be advertised externally and internally immediately."