The Financial Conduct Authority (FCA) has appointed Robert Taylor as head of wealth management and private banking in its supervision division.
Taylor (pictured), a former Wealth Manager cover star, brings significant industry experience drawn from his career with Merrill Lynch, SG Hambros, Coutts and more recently at Kleinwort Benson where he served as chief executive until 2011.
Clive Adamson, director of supervision at the FCA, said in a statement: 'I’m delighted that Rob is joining our senior team at the FCA. He has an extensive knowledge of the market and strategic insight that will be extremely useful as we continue to develop our new regulatory focus on the wealth management industry.'
'The addition of such an experienced practitioner will be warmly welcomed by both FCA staff and the sector.'
Taylor added: 'The wealth management sector is hugely important to the UK’s financial services. I’m looking forward to working closely with an industry I know well to ensure that its clients are being well served.'