In a message to FSA staff, chief executive Hector Sants, says: “It is with regret that I have to inform you that Dan Waters has decided to leave the FSA.
“Dan has determined that making the necessary long-term commitment to the complex set-up and operation of the new regulatory regime would not be the appropriate choice at this stage of his career.
“He is considering other opportunities that will allow flexibility to pursue his interests here in the UK while allowing him time to meet family obligations in the US.
“Dan has dedicated his career to regulation and has made significant contributions to the financial services sector in the UK over this time. I have very much enjoyed working with Dan and have always respected the dedication and integrity he has given to his work. I wish Dan every success in the future and thank him for all he has done for the FSA.”
The FSA announced that Christina Sinclair has been appointed to the role of director of conduct risk on an interim basis. These changes will come into effect after Dan’s departure in December.