FSA appoints new director

Lesley Titcomb becomes director of the FSA's Regulatory Transactions Division.

The FSA has announced the appointment of Lesley Titcomb as director of the Regulatory Transactions Division.

The Regulatory Transactions Division is one of the largest divisions in the FSA, and is responsible for many of the FSA's core regulatory processes. These include the authorisation of firms in all sectors that want to do financial services business, and the approval of individuals who wish to undertake certain functions in financial services firms. It also covers a range of other regulatory decisions, including dealing with applications for waivers from its rules.

The vacancy at director level arose following the creation of the Financial Crime and Intelligence Division, announced by John Tiner at the FSA's Annual Financial Crime Sector Conference on January 22.

Titcomb joined the Securities & Investments Board, predecessor to the FSA, in 1994. Since then she has held a wide range of posts covering both regulatory and operational issues at both the SIB and the FSA. In her new role she will report to David Kenmir, MD of the Regulatory Services Business Unit.

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