White & Case partner to be new FSA enforcement chief

The Financial Services Authority (FSA) has raided White & Case for its new director of enforcement.

Margaret Cole, a London-based litigation partner at the US firm, is to succeed Andrew Procter who was poached by Deutsche Bank to head the German bank’s compliance team.

The appointment follows a global search for a successor, with the FSA targeting candidates from the US Securities and Exchange Commission and the Futures Commission of Hong Kong as well as Australian regulators.

Cole joined White & Case from Stephenson Harwood to launch the US firm’s disputes resolution practice in 1995. Her clients include the European Bank for Reconstruction and Development, the Royal Bank of Canada and Credit Agricole.

Commenting on the move, Alistair Graham, head of White & Case’s London dispute resolution practice, said in a prepared statement: “We wish Margaret every success in her move. She has been a driving force in our London dispute resolution practice since arriving to found it 10 years ago and can take much of the credit for making us what we are today: an established, significant and, most importantly, growing force in the London market.”

Cole will be leaving White & Case on 30 June and takes up her new post in July.