Trading places

Hector Sants has been appointed chief executive of Financial Services Authority (FSA). He will take up the post on 20 July, succeeding John Tiner who steps down at the Annual Public Meeting a day earlier. Sants is currently managing director of wholesale and institutional markets division within FSA. He is responsible for all regulated markets, the related infrastructure such as clearing and settlement, the operation of the UK listing rules and regulation of firms or groups which conduct primarily wholesale or institutional market business between professionals. Sants joined the UK watchdog in May 2004 from Credit Suisse First Boston (CSFB) where he...