The Financial Conduct Authority (FCA) today announced the appointment of Jonathan Davidson as their new Director of Supervision – Retail and Authorisations.
At present Mr Davidson is a senior advisor to private equity and financial services firms and is also a member of Jardine Lloyd Thompson’s Strategic Advisory Group.
He was Chief Operating Officer for Direct Line between 2010 and 2012. He also worked at McKinsey & Company between 1986 and 2009 where he held various positions including Financial Services Practice Leader in Canada; Wholesale Banking Practice Leader in Europe and in North America and Global Learning Leader of McKinsey’s Organisation Practice.
Martin Wheatley, Chief Executive of the Financial Conduct Authority, said:
“This appointment is another example of the FCA being able to attract the best talent from across the financial sector. Jonathan has experience of working across the globe as well as in the United Kingdom. Given the increase in our supervisory work in retail over the last two years, this is an incredibly important role and I look forward to working with Jonathan.”
The position of Director of Supervision – Retail and Authorisations was established as part of the FCA’s new strategic approach and reflected the fact that the watchdog now oversees more than 73,000 firms. The new office sits alongside the position of Director of Supervision – Investment, Wholesale and Specialist, which is held by Tracey McDermott.
Mr Davidson will take up his new position in the coming Autumn.
To view the official announcement by the FCA on Davidson’s appointment, click here.