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Sants to take over as FSA chief excecutive


LONDON--Hector Sants is to take over from John Tiner as chief executive of the U.K. regulator, the Financial Services Authority, on July 20.

Mr. Sants, who is currently managing director of wholesale and institutional markets at the FSA, joined the regulator from Credit Suisse First Boston in May 2004, where he was chief executive of Europe, Middle East and Africa.

He has voiced his commitment to the reforms Mr. Tiner has ushered in. "I firmly believe in the risk-based and more principles-based approach the FSA has pioneered and I will work with the industry to ensure that market solutions deliver the best outcomes for all stakeholders, with a particular focus on consumers," he said in a statement.

Mr. Tiner, who is leaving the FSA to seek employment in the private sector, has held the position since September 2003.