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The Financial Services Authority (FSA) has begun the hunt for a new chairman of its regulatory decisions committee following the resignation of former Slaughter and May partner Christopher Fitzgerald in June.
Fitzgerald resigned following the ‘Plumber’ scandal, in which the entrepreneur Paul Davidson’s appeal against a £750,000 fine for market abuse was aborted due to allegations concerning the tribunal’s impartiality.
Prior to his FSA role, Fitzgerald was general counsel at NatWest after 28 years with Slaughters, including 19 years as a finance partner.
The regulatory decisions committee reports to the FSA’s board, and a sub-committee of the board is searching for a replacement. Recruitment consultancy Norman Broadbent is seeking candidates, with the role likely to go to a current or former partner at one of the top 10 law firms.