The Financial Services Authority has appointed Colin Lawrence as director of its newly created prudential risk division and Paul Sharma as director of wholesale and prudential policy.
The appointments will take effect from early April.
Lawrence will join the FSA from his current role as the leader of Global Business Services’ risk management and compliance – greater China group.
He was also a managing director at both Barclays Capital and UBS.
Sharma currently heads the FSA’s risk review department and has previously been head of prudential policy and an insurance supervisor.
Sally Dewar, managing director of wholesale and institutional markets at the FSA, says: “I am delighted that Lawrence and Sharma will be taking on the new director roles.
“Together they have a strong mix of regulatory and market expertise and will work closely together to provide leadership to their teams as we face the challenges ahead.
“The creation of a separate division for prudential risk, headed by a director, is a further step in the strengthening of the technical expertise supporting our supervision function across the FSA.”