The Financial Services Authority's (FSA) senior watchdog team, made up of "grey panthers", is almost complete following the appointment of Andrew Campbell-Hart.
Standard & Poor's (S&P) financial se ...
The Financial Services Authority's (FSA) senior watchdog team, made up of "grey panthers", is almost complete following the appointment of Andrew Campbell-Hart.
Standard & Poor's (S&P) financial services group managing director will take up his new part-time role in July.
Campbell-Hart will join team leader Martin Roberts, who headed insurance regulation at the Department of Trade and Industry and the Treasury, and Ian Reynolds, who has worked as an insurance adviser to the FSA for the past two years.
The FSA is expected to appoint only one more grey panther to the team.
Six grey panthers have been working in the FSA's banking division for the past four years.
Insurance Times revealed in March that the FSA planned to replicate the system in its insurance division.
At the time, the FSA said the grey panthers would take an informal role, using their experience, contacts and expertise to help the FSA understand the marketplace.
Campbell-Hart will specialise in risk analysis.
"Because we're all grey and our claws aren't as sharp as they might be, we'll also take a mentoring role of some of the staff in the FSA and do some technical work, such as capital adequacy determinations and risk transfer," he said.
"Having a wide industry background, both in the UK and European industries, plus experience in credit and security, part of our exercise is to bring the regulatory function more up to date, looking to the future and anticipating market trends."
Campbell-Hart said he expected to work well with FSA managing director John Tiner.
"It will be absolutely excellent, on the basis of meetings I've had with him," he said.
"He's very much identified with the process of regulatory reform, he sees enormous opportunity to do the job better and is putting a lot of resources into doing that."
Campbell-Hart will continue to act as a pensions and savings consultant to S&P, where he has worked since 1994.
Prior to joining the ratings agency as its insurance practice head, he worked for the Sedgwick Group, Commercial Union and Royal Insurance.
S&P's insurance and banking practices merged 18 months ago, with the combined division now run by former banking practice head Barry Hancock.
