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UK: FCA welcomes former Competition Commission exec

By  |  April 23, 2014

The UK’s Financial Conduct Authority has announced former Competition Commission chief executive David Saunders will join the regulator as its senior adviser on competition, according to reports.

Saunders joins the FCA after the Commission was merged with the Office of Fair Trading to become the Competition and Markets Authority, the UK’s new competition authority. Following the transition, the FCA took on the role of promoting competition within the financial services sector.

The announcement of Saunders’s new position coincides with the FCA’s appointment of Gunner Burkhart as senior adviser on wholesale and markets issues in investment banking at the financial watchdog.

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