UK's Financial Services Authority Appoints Gareth Adams As Senior Advisor

The Financial Services Authority (FSA) today announced the appointment of Gareth Adams as a senior advisor.Gareth will start on 3 August and will advise on the asset management sector, an area in which he has extensive experience.

Gareth was, until recently, the executive director for regulatory strategy at Fidelity International, having started as European director of compliance in June 1996. Prior to Fidelity, Gareth worked at HSBC Holdings plc, and became head of compliance for Midland Bank. Gareth also spent three years working in supervisory roles for the Investment Management Regulatory Organisation (IMRO).

Hector Sants, FSA chief executive, said:

“I am delighted that Gareth Adams will be joining the FSA as a senior advisor. He will bring a wealth of experience of asset management following his very senior roles in the sector. His expertise will be of great benefit in advising FSA colleagues on this important area of the financial services.”

Background

1. FSA senior advisors perform an important role in providing authoritative views and comment on industry developments and the practical design and application of FSA requirements on firms.  Senior advisors are also involved in coaching and mentoring other FSA staff to help them develop their skills.

2. The FSA regulates the financial services industry and has four objectives under the Financial Services and Markets Act 2000: maintaining market confidence; promoting public understanding of the financial system; securing the appropriate degree of protection for consumers; and fighting financial crime.

3. The FSA aims to promote efficient, orderly and fair markets, help retail consumers achieve a fair deal and improve its business capability and effectiveness