Citywire printed articles sponsored by:
View the article online at http://citywire.co.uk/new-model-adviser/article/a643861
Ex-FSA chief Sants flirts with Barclays over compliance role
by Michelle Abrego on Dec 06, 2012 at 15:00
Former Financial Services Authority chief executive Hector Sants is in talks with Barclays, according to Sky News, which early this week reported he was also in talks with Deloitte.
Sky News said Sants was in detailed talks about a role overseeing Barclays' compliance and regulatory functions.
The news comes two days after Sky News also disclosed that the former FSA boss, who left the regulator in June, was in talks with accountancy firm Deloitte over an equity partner role.
Sky reported that people close to the situation said that Sants was more likely to join Barclays than Deloitte but that he would not formally make a decision until his gardening leave expires at the end of the year.
Sants first announced his resignation as the head of the FSA in February 2010 but stayed at the regulator in order to ease the transition into the twin peaks model, finally announcing plans to step down again in March 2012.
Markets
News sponsored by:
Today's top headlines
iShares: Time to shatter the ETF myths
As result of industry changes - the retail distribution review - and a growing focus on cost-efficient solutions, we anticipate the number of investors using ETFs will rise significantly over the coming years.
But as with any newer product, especially in the financial world, various misconceptions about ETFs have perpetuated over the years and iShares is committed to addressing and ultimately dispelling these.
More about this article:
More from us
What others are saying
Archive
Read more...
Arck director's bankruptcy may spark claims against advisers
by Jun Merrett on Jun 20, 2013 at 11:16
15 comments so far. Why not have your say?
Nick
Dec 06, 2012 at 15:12
Struggling are you Hector? Wonder why?
report thisSW
Dec 06, 2012 at 15:23
Hector for rent to highest bidder - not fussy and will consider anything (but used to diet of extortionate salary and benefits).
Total underachiever but will look good on your letterhead
report thisDavid r via mobile
Dec 06, 2012 at 15:25
Jobs for the boys, revolving doors, toffs looking after themselves all spring to mind!
You want to get a Job advising hector and see how you do there! With real people and real issues!
report thisMartinifa
Dec 06, 2012 at 15:26
Hope he does get the job with Barclays, it will interesting to see what he would do.
report thisJulian Stevens
Dec 06, 2012 at 15:42
Wouldn't it be a bit like appointing an arsonist as head of the fire brigade?
report thisPD Off
Dec 06, 2012 at 16:17
Barclays obviously thinks its share price is to high.
report thisJonathan Kirby
Dec 06, 2012 at 16:29
Probably a smart move by Barclays as perhaps they hope that if they put him in charge of compliance then all his 'friends' at the FSA will look the other way because good old Hector wouldn't let them get away with anything would he?
Memo to Antony Jenkins - don't take CV's at face value!
report thisOne Shot Bwana
Dec 06, 2012 at 16:48
@Julian Stevens - you are always on the money.
report thisl'ifa passeport en provenance de France
Dec 06, 2012 at 17:02
my money is on him going to capita
report thisNessa
Dec 06, 2012 at 19:51
Looks like Dumb turns Dumber
report thisRichard Hardy
Dec 07, 2012 at 12:19
It has been done before - Tony Blair as Middle East Envoy!
I agree with L'ifa - have you seen what Capita is involved in?
Scary how one company can be involved in so many areas of Government.
report thisGillian Cardy
Dec 07, 2012 at 13:48
I was more intrigued by the idea of Hector "flirting" ... ;-)
report thisGreen Eyed Monster via mobile
Dec 09, 2012 at 09:58
@gillian
If you read the article carefully it does not say Barclays bank. it could be the Barclay brothers so the concept of flirting with them takes on new possibilities. Although I think even Hector would struggle getting his leg over there!
report thisGillian Cardy
Dec 09, 2012 at 12:09
@GEM : you're right - I assume too much - but you raise an even more frightening image ... and it's not one for a lazy Sunday afternoon ... ;-)
report thisWelsh Wizard
Dec 09, 2012 at 12:30
He couldnt regulate Barclays when he was head of FSA, what makes them think he could now ? I bet he was hoping his good friend Tucker may have got the top job at BOE so he could just slip in there , Now the Mountie has been appointed with no FSA connections has peed on his chips !. I hope he will use a new broom and clear out the trash of what is the FSA and all its cronies !
Good one Julian Stevens@
report thisleave a comment
Please sign in here or register here to comment. It is free to register and only takes a minute or two.