The Financial Conduct Authority (FCA) has appointed James Kelly as an adviser in the wholesale banking and investment management division within Supervision.
A former managing director at Goldman Sachs and UBS, James will bring with him significant industry experience. In his new part-time role, James will advise the team on supervisory strategy and bring to bear his in-depth knowledge of the investment banking sector.
Clive Adamson, director of supervision at the FCA, said:
"It's vital that we continue to appoint individuals with sector specific expertise into the FCA, and James has that in spades. His knowledge of the market and strategic insight will be hugely valuable.
"This is the latest high-profile addition to the supervisory team at the FCA and I'm sure it will be welcomed by the industry."
"James will start his new role immediately and report to Will Amos, director of the FCA's wholesale banking and investment management division.
James Kelly said:
"The investment banking sector continues to experience considerable change, especially with regards to regulation. I'm looking forward to sharing my experience with Clive, Will and the rest of the team."
James is the latest high-profile appointment at the FCA. Former CEO of Kleinwort Benson, Rob Taylor, recently took up the role of head of wealth management and private banking in the regulator's supervision division. He joins Karina McTeague, who was recruited last year as director of retail banking from Lloyds Banking Group. In the policy division, Mary Starks and Deborah Jones, were appointed to share the post of director of competition in September.
James Kelly biographical notes:
Goldman Sachs – MD Derivatives cross product sales – 2007-2012
UBS – MD Risk management products – 1993-2007
SBC Merchant Bank – Director – 1992-1993
Toronto Dominion – Director – 1987-1992
National Westminster Bank – Graduate trainee – 1985-1987