FCA is looking to recruit head of enforcement
(Picture: FCA/PA)The head of enforcement and market oversight for the Financial Conduct Authority (FCA) Mark Steward is to step down from his post after seven years with the regulator.
The hunt for his successor will begin shortly the body said, and he will leave the FCA in Spring 2023.
Steward has led the delivery of some of the FCA’s most complex, high-profile, and precedent-setting enforcement cases since joining the organisation in 2015, with many notable successes against major global financial institutions and individuals.
He also led the FCA’s listing authority and oversight of the UK’s publicly traded markets, a role in which he developed the FCA’s data-led approach to market oversight.
Additionally, he has been at the forefront of the FCA’s anti-scam marketing campaign, ‘Scamsmart’.
Nikhil Rathi, CEO of the FCA, said: “Mark has brought his formidable experience as a regulator and as a litigator to the FCA delivering significant enforcement cases across a broad spectrum, as well as the FCA’s data-led approach to market oversight.
“That enormous contribution is a result of Mark’s abiding belief in fairness, that markets must be clean if the economy is to thrive and in doing the right thing on behalf of consumers.
“He has shown that the FCA is willing to take on challenging cases, will use the full extent of our powers and will deliver results that have a real impact for the markets we oversee and for those who rely on them.”
Steward said: “It has been a privilege to serve the FCA throughout many challenges over the last seven years and, as I move on, to leave behind such a strong team for the future.”
