Other Citywire websites
Stay connected:

View the article online at http://citywire.co.uk/new-model-adviser/article/a647236

Treasury appoints financial services director general

by William Robins on Dec 21, 2012 at 10:54

Treasury appoints financial services director general

The Treasury has appointed Charles Roxburgh as director general of financial services.

Roxburgh will have responsibility for all issues relating to financial services, the financial system and financial stability.

Currently he is a senior partner at econmoic research firm McKinsey & Company where he specialises in working with financial institutions. He is also co-head of the McKinsey Global Institute and is a member of the firm's global board.

He replaces Jonathan Taylor, who has been appointed vice-president of the European Investment Bank.

8 comments so far. Why not have your say?

Julian Stevens

Dec 21, 2012 at 13:18

Nev heard of Jonathan Taylor ~ if part of his brief was to keep the FSA in check and hold it to account for its multitude of failings and fudge-ups he didn't do much of a job, did he?

And how does the post of DG of FS sit alongside CE of the FCA? Is Martin Wheatley subordinate to Charles Roxburgh or his equal or his senior or what? Will the two of them interact in any way?

report this

Knowledgable insider

Dec 21, 2012 at 13:27

All you need to know is that they will be paid well and for this they will be able to explain why the gate was OPEN before the horses bolted

report this

Michael Shea

Dec 21, 2012 at 13:44

McKinsey old boys act like a freemasonry without the charitable intent. Choosing one of them as DG Financial Services does not fill me with confidence in the selection process.

report this

l'ifa passeport en provenance de France

Dec 21, 2012 at 14:21

Arrr............. some one new to blame

report this

John Smyth 3

Dec 21, 2012 at 15:53

Can somebody please tell me how a degree in "Tthe Classics" equips this guy for overseeing the Financial Servicesbeing Industry?

MBAs are ten a penny these days if you or your family can afford to pay to get one.

Is it any wonder our country is in the sh..... !

report this

Gillian Cardy

Dec 22, 2012 at 12:11

@John Smyth 3 - what degree do you suggest "equips" any person for overseeing "all issues relating to financial services, the financial system and financial stability"??

report this

Lyndon Edwards

Dec 22, 2012 at 15:55

Buggins turn, then?

Good questions Julian, but is there any prospect of an answer?

report this

Lyndon Edwards

Dec 22, 2012 at 16:04

Sorry to double-post but look at page 5 of the 8 on this site and ask yourself how many of these have you seen/heard commenting on Cru or any other problems recently.

http://www.number10.gov.uk/wp-content/uploads/2010/10/NEW-SALARIES-HMT-ORG-Oct-2010.pdf

[PDF]

HM Treasury Group organisational structure charts

www.number10.gov.uk/.../NEW-SALARIES-HMT-ORG-Oct-2010.p...

File Format: PDF/Adobe Acrobat - Quick View

report this

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Opportunities emerge as production moves back home


As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.

Today's top headlines

A spotlight on Alastair Mundy


Alastair Mundy met Citywire's Daniel Grote at the London Stock Exchange Studios for a detailed interview about the Investec Cautious Managed fund.


Sorry, this link is not
quite ready yet