FSA appoints chief operating officer

The Financial Services Authority last week appointed Mark Norris as chief operating officer.

Norris, who takes over from David Kenmir, has worked in the financial services industry for over 25 years. A qualified accountant, his early career included stints in audit services roles at KMG Thomson McLintock and Price Waterhouse.

He joined Jardine Fleming Hong Kong in 1994, and later took up the role of COO for the investment bank’s operation in Japan.

Between 1998 and 2003 Mark worked for Deutsche Bank. He was head of operations for Deutsche Asset Management in Europe before moving to JP Morgan’s Worldwide Securities Services business in the US, subsequently taking over as head of operations Europe at the bank’s asset management business in London.

His last position was as COO of Credit Suisse’s UK private banking business.

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

“He will play a key role in driving the FSA’s operations.”