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FSA appoints chief operating officer

The Financial Services Authority has appointed Mark Norris as its new chief operating officer.

Norris, who takes over from David Kenmir, will have overall responsibility for all aspects of finance, planning, HR and project management, facilities and information systems across the whole of the FSA.

With 25-years experience in the financial services industry, his most recent job was COO of Credit Suisse’s UK private banking business.

In the past he has held down senior roles in operations, audit and compliance, in the UK as well as Japan, Hong Kong, Australia and the USA.

He is also a qualified accountant and member of the Institute of Chartered Accountants in England & Wales and Australia.

Hector Sants, chief executive officer at the FSA, says: “Norris will be a valuable addition to the FSA’s management team.

“With such a strong financial background and such broad experience in operations and audit, he will play a key role in driving the FSA’s operations.”



Mole was tickled by the following joke, sent in by industry guru Ray Boulger.

L&G partners with BuildLoan

Legal & General mortgage club has added BuildLoan to its panel, offering members access to self-build and renovation finance.BuildLoan, the broker arm of BuildStore, is a self-build and renovation funding expert, and offers the provision of releasing stage payments in advance during a project. Advisers using BuildLoan through the mortgage club will get leading procuration […]

Societies most trusted providers, reveals BSA

Independent research from GfK NOP, published by the BuildingSocieties Association, shows savers and borrowers with societies are more satisfied than customers of other financial service providers. In the mortgage market, 74% of customers at societies are extremely or very satisfied, compared to 63% of customers at other mortgage providers. While 67% of savers at societies […]

A bad bank is not such a bad option

US President Barack Obama’s $800bn rescue plan for his country’s economy was signed off by the Senate last week.


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