Head of FSA Hector Sants Quits
Hector Sants, a man of honour and integrity, who oversaw the FSA during some of it’s most turbulent years has decided to leave in June this year. The decision comes at a time when the FSA is soon to be broken up. Sants had hoped that his role in the FSA would have been the springboard to one of the top jobs at the Bank of England – Deputy Governor.
Sants moved to a life in the public sector after over 30 years in the City in 2004. An intensely private man he decided on a change in career path as a matter of principle, using his experience to give something back to society. His resignation is seen as a significant loss to the Coalition. He has been at the forefront of the changes to regulatory control in the UK and implementing RDR and it is unclear how the Coalition will react to his sudden departure.
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