17 Jan, 2008
Laura Stavro-Beauchamp Date:
Treasury has begun its search for a new chairman for the Financial
In an advert run in the Financial Times yesterday, applicants with
experience as a leader of a large and complex organisation, with
absolute integrity, honesty and discrection, were encouraged to
apply by February 15.
Sir Callum McCarthy, the regulator's existing chair, will
serve until September. He is said to have made clear at the
beginning of his tenure that he was only interested in serving a
single, five-year term.
McCarthy's experience as a regulator in the energy field and
as a banker and a member of the civil service in the Treasury
department, helped him bag the role.
His predecessor and the founder of the FSA in its current form was
Sir Howard Davies. Davies is now the director of the London School