FCA has chosen two people to take the role of Executive Directors of Enforcement and Market Oversight after Mark Steward retired in October last year.
Steve Smart and Therese Chambers will begin their roles on April 1, 2023, and June 21, 2023, respectively.
Therese, who has been with the FCA since 2015 and formerly worked for the Hong Kong Securities and Futures Commission, is set to leave on April 13, 2023.
With over two decades of service at the FCA, Chambers has mainly been involved in enforcement roles, such as the Director of Retail and Regulatory Investigations and currently the Director of Consumer Investments in the Supervision, Policy, and Competition Division.
Chambers, said:
The work of the Enforcement and Market Oversight division is of critical importance in supporting the FCA’s Strategy and we will continue to build out our assertive and proactive approach. I look forward to working with colleagues on ExCo and across the FCA as we increasingly use our powers to protect consumers and tackle harm.
Steve Smart has moved to the FCA from his previous role at the National Crime Agency, where he was the Intelligence Director and managed a team of over 2000 people. Before that, he set up an intelligence and investigations unit for a bank.
Smart, said:
I’m really excited to be joining the FCA. It is a great opportunity to put my experience of leading and developing proactive operational functions and working with partners in the police, wider law enforcement and counterparts overseas to help the FCA to continue to prevent serious harm; set higher standards; and promote competition.
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