FSA managing director to leave
The Financial Services Authority (FSA) has announced that managing director and board member Margaret Cole is to leave the organisation.
Ms Cole will depart at the end of March and will be on gardening leave until 31 August 2012.
The regulator confirmed she may still represent the FSA during this period but only on issues not related to individual regulated firms or ongoing investigations.
She originally joined the FSA as enforcement director in 2005 and was appointed to its board in 2010.
Prior to this, she had a 20 year career as a solicitor in private practice, specialising in commercial litigation.
Ms Cole commented: “I
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