Conceicao, Carlos – Hot 100

Carlos Conceicao was promoted to head of market integrity at the Financial Services Authority (FSA) last March, at a time when the UK securities regulator was under immense pressure to speed up the investigation process and deliver results.

Since then, Conceicao’s 50-strong team, part of the regulator’s enforcement division, which is responsible for insider trading and market manipulation, has fined FTSE 100 oil giant Shell £17m for committing market abuse and breaching the listing rules. The fine, which was the biggest ever to be handed out by the FSA, was imposed on Shell as a result of unprecedented misconduct in relation to misstatements concerning its oil reserves.

Conceicao’s team is also investigating Citigroup Global Markets for its controversial e15bn (£10.37bn) of trades in European government bonds.

The 40-year-old barrister has also set out to speed up the FSA’s investigation process, aiming to slash the time spent on investigations by 30 per cent.

Carlos Conceicao