HISTORIC PRESS RELEASE : Howard Davies appointment as Chairman of the FSA extended [March 2002]

The press release issued by HM Treasury on 13 March 2002.

Gordon Brown today announced that Sir Howard Davies? appointment as Director and Chairman of the FSA is to be extended until 31 January 2004.

Gordon Brown said:

“At a time when the FSA has just taken on its full regulatory powers and is establishing itself as a fully independent single regulator it is invaluable to have Sir Howard remaining in post with his breadth of experience”.

1. Sir Howard Davies initially became Chairman of the Securities and Investments Board on 1 August 1997, which on 28 October 1997 was renamed the Financial Services Authority.  He previously served for two years as Deputy Governor of the Bank of England, three years as Director General of the CBI, and for five years was Controller of the Audit Commission.  Other experience includes working for McKinsey & Company, working as Special Adviser to the Chancellor of the Exchequer and two years as Private Secretary to the British Ambassador in Paris.