FSA/PN/145/2000
30/11/2000

Stephen Avery has been appointed Director, Business Planning & Finance at the Financial Services Authority. He will report to Paul Boyle, Chief Operating Officer, and will lead the FSAs Finance Division which is responsible for planning, managing and reporting the FSAs financial position both externally and internally. Paul Boyle said:

I am delighted that Stephen is joining us at a time when we will be focusing on completing our preparations for taking on our full role as the single regulator and continuing to build our new approach to financial services regulation. Stephens role in leading the Finance Division will be an important part of ensuring the FSAs continuing success.

Notes for editors

  1. Stephen Avery, 40, will join the FSA at the end of February next year.

  2. He is currently Director, Commercial and Finance at the Confederation of British Industry. He has been with the CBI since 1996 where he has been responsible for finance, IT, property, conferences and commercial activities. Prior to joining the CBI he worked for the BBC for four years. Stephen is a chartered accountant, having qualified with Price Waterhouse in 1987.

  3. The FSA regulates the financial services industry and has four objectives under the Financial Services and Markets Act 2000: maintaining market confidence; promoting public understanding of the financial system; the protection of consumers; and fighting financial crime.

  4. The FSA aims to maintain efficient, orderly and clean financial markets and help retail consumers achieve a fair deal.

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