HISTORIC PRESS RELEASE : Chairman of the Financial Services Authority [December 2002]

The press release issued by HM Treasury on 12 December 2002.

The London School of Economics and Political Science (LSE) has today announced that Sir Howard Davies, currently Chairman of the Financial Services Authority, will become the LSE’s Director on 1st October 2003.

Commenting on Sir Howard’s appointment, the Chancellor, Gordon Brown said:

“I warmly congratulate Sir Howard on his appointment to be the next Director of the LSE. I would especially like to thank him for his outstanding leadership of the FSA over the past five years.  From nine constituent bodies, he has successfully established a single organisation responsible for regulating the UK’s deposit-taking, insurance and investment businesses.  That the FSA is now widely acknowledged as a world leader in its field is very largely thanks to Sir Howard’s drive and vision.”

Arrangements will now be put in place for the appointment of Sir Howard’s successor before October 2003.