HISTORIC PRESS RELEASE : New FSA CEO Appointed – John Tiner [July 2003]

The press release issued by HM Treasury on 14 July 2003.

Paul Boateng, Chief Secretary to the Treasury, today welcomed the appointment of John Tiner as the new Chief Executive Officer of the Financial Services Authority, and confirmed his appointment to the FSA Board in this capacity.

Mr Tiner, who is currently Managing Director, Consumer, Investment and Insurance at the FSA, will take up post as CEO on 22 September 2003.

Welcoming the appointment Mr Boateng said:

“I am pleased with the appointment of John Tiner as Chief Executive of the FSA.  His extensive knowledge and experience of the financial services market will be invaluable.  His expertise in regulatory regimes will be particularly important when the FSA assumes responsibility for general insurance and mortgages next year.”

John Tiner will be the first Chief Executive Officer of the FSA following the Government’s decision to split the roles of Chairman and Chief Executive.  Callum McCarthy, who replaces Sir Howard Davies as Chairman, also takes up his post on 22 September 2003.