FCA hires new enforcement and risk directors

The FCA has hired Mark Steward as its new director of enforcement and market oversight and Barbara Frohn as director of risk and compliance oversight.

Steward is currently the head of enforcement at the Hong Kong Securities and Futures Commission, which regulates the special administrative region’s securities and futures markets.

Frohn is managing director of Banco Santander, currently on secondment to the Institute of International Finance in Washington, D.C.

Both are expected to expected to take up their new roles in London in the early autumn.

FCA chief executive Martin Wheatley said: “These are two vital roles within the UK regulatory system and it says a lot about the FCA that we have been able to attract such high calibre candidates to fill them.

“Mark and Barbara have built up excellent reputations for their work in financial services across the globe, and I am delighted they have chosen to bring their experience to the FCA.”

The FCA also announced three internal director appointments. It has appointed head of the UK Listing Authority Mark Teasdale as director of market oversight within the enforcement and market oversight division.

It has named head of data and analysis Jo Hill as director for markets intelligence, data and analysis.

And it has appointed head of internal and external relations Andrew Whyte as director of communications within the strategy and competition division.

Wheatley said: “While the FCA has been able to attract some of the best people from outside, we also have highly talented, hard-working people within the organisation and Marc Teasdale, Jo Hill and Andrew Whyte will be taking on roles that will be vital to the organisation successfully delivering its objectives and priorities for the years ahead.”