Ex-FSA head McCarthy joins JC Flowers

clock

Former FSA chairman Sir Callum McCarthy has joined US private equity group JC Flowers as European chairman.

McCarthy, who joined the regulator from Ofgem in 2003, stepped down last September to make way for Lord Adair Turner. His is one of a number of appointments at New York-based JC Flowers, which was founded eight years ago by billionnaire J. Christopher Flowers. The group has also appointed David Morgan, formerly chief executive of Australian bank Westpac, as managing director of Europe and Asia Pacific. Morgan says he will step down from the board of BHP Billiton to focus on his new role.   "An early [investment] focus will be on the UK," he says, "where the banking sector is un...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Into the Spider-Verse we go: Chris Justham assesses Trump Mk II

Into the Spider-Verse we go: Chris Justham assesses Trump Mk II

'The cognitive dissonance when your beliefs don't add up cause very real pain'

Chris Justham
clock 04 April 2025 • 3 min read
Investors hold back on equity exodus as they brace for Trump's next move

Investors hold back on equity exodus as they brace for Trump's next move

UK equity funds suffer

Linus Uhlig
clock 03 April 2025 • 2 min read
Darius McDermott: Are we seeing the end of US exceptionalism?

Darius McDermott: Are we seeing the end of US exceptionalism?

The Euro Stoxx 50 Index is up 10.8% since the start of the year

Darius McDermott
clock 03 April 2025 • 5 min read