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FSA appoints senior retail and wholesale advisors

The Financial Services Authority has appointed two senior advisors to retail markets and wholesale insurance.

Graeme Hardie, former executive director at Abbey National, will work part time for the regulator providing advice to the FSA on UK retail banking issues.

He takes over for Naguib Kheraj, who steps down at the end of September, following his appointment to a full-time role at JP Morgan Cazenove.

Ian Marshall, a chartered accountant and former chief operating officer of Markel International will provide advice on wholesale insurance.

Hector Sants, chief executive of the FSA, says: “This is a further example of our commitment to have the right mix of people working at the FSA, combining those with regulatory experience and those with strong market backgrounds.

“I wish to thank Kheraj for all his hard work and support, particular in relation to the scoping of the Supervisory Enhancement Programme.”


Packagers that evolve will flourish

As the credit crunch continues, packagers have endured a tougher time than most. Some lenders have reduced their panels, forcing some firms to stop packaging altogether.

Nomura buys Lehmans’ European division

Japanese brokerage Nomura has emerged as the winning bidder in an agreement to buy Lehman Brothers’ equities and investment banking arms in Europe and the Middle East.

Paragon shuns takeover bid

Buy-to-let specialist Paragon Group last week turned down a £373m takeover bid.

Neptune Global Income: Is Japan the best dividend market in the world?

By George Boyd-Bowman, Fund Manager at Neptune The Neptune Global Income Fund seeks exposure to the very best – and often overlooked – income opportunities from across the world. Unconstrained by benchmarks, the fund currently has 24 per cent invested in Japan, differentiating the high conviction portfolio from many of its peers. Watch Neptune Fund […]


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