The Financial Services Authority (FSA) has today announced the appointment of Colin Lawrence as Director of its newly created Prudential Risk division, and Paul Sharma as Director of Wholesale and Prudential Policy. The appointments will take effect from early April.
Colin Lawrence will join the FSA from his current role as the Leader of GBS Risk Management and Compliance, Greater China Group and Asia Pacific, at IBM. Prior to working at IBM, Colin was a managing director at both Barclays Capital and UBS. Paul Sharma currently heads the FSA's Risk Review department and has previously been Head of Prudential Policy and an insurance supervisor.
Sally Dewar, FSA Managing Director of Wholesale and Institutional Markets, said:
"I am delighted that Colin and Paul will be taking on the new Director roles. Colin brings a wealth of private sector experience which will help to enhance the FSA's risk management processes. Paul's extensive technical knowledge will play an important part in shaping wholesale and prudential policies. Together they have a strong mix of regulatory and market expertise and will work closely together to provide leadership to their teams as we face the challenges ahead.
"The creation of a separate division for prudential risk, headed by a director, is a further step in the strengthening of the technical expertise supporting our supervision function across the FSA."
Background
- Colin Lawrence and Paul Sharma's full CVs are available from the FSA press office.
- 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.
- The FSA aims to promote efficient, orderly and fair markets, help retail consumers achieve a fair deal and improve its business capability and effectiveness.
