FCA hires enforcement chief from Hong Kong regulator

Mark Steward will become the new director of enforcement and market oversight, moving from his role as head of enforcement at the Hong Kong Securities and Futures Commission. The FCA has also appointed a new director of risk, Barbara Frohn, currently the managing director of Banco Santander, though on secondment to the Institute of International Finance in Washington, D.C. Both will be expected to take up their new roles in London, in the early autumn. FCA chief executive Martin Wheatley (pictured) said: "These are two vital roles within the UK regulatory system and it says a lot a...