FSA names chief to lead the CPMA

The Financial Services Authority has confirmed that Martin Wheatley has been appointed chief executive officer of the forthcoming Consumer Protection and Markets Authority.

The successor to the FSA is expected to be established by the end of 2012 and will be formed in conjunction with the Prudential Regulation Authority.

Wheatley is set to be made managing director of the FSA’s Consumer and Markets Business Unit from September 1 this year and he will join the FSA board.

He joins after serving for five years as chief executive of Hong Kong’s Securities and Futures Commission.

Prior to this, he held various roles including deputy chief executive of the London Stock Exchange Group. He also sat on the FSA’s Listing Authority Advisory Committee.