MD of the retail business unit replaced by David Kenmir as acting chief in management reshuffle
Chief executive of the FSA, Hector Sants, has announced a series of management changes that will see Clive Briault, managing director of the retail business unit, leave the organisation by mutual agreement.
He will be replaced by David Kenmir in an acting capacity. The role will be advertised externally. Human resources director Kathleen Reeves will take on Kenmir’s current role as chief operating officer, also in an acting capacity.
Sants also announced that key areas of large retail group supervision and financial stability would be allocated dedicated leaders. David Strachan will concentrate solely on his role as financial stability sector leader. He will join the chief executive's office alongside Thomas Huertas. Clive Adamson will then take on the role of director of major retail groups, again in an acting capacity. These will be effective from 7 April. This role will also be advertised.
