LONDON - The Financial Conduct Authority of Britain said Friday that it had hired a former managing director at Goldman Sachs and UBS as an adviser in its division that supervises wholesale banking and investment management.
The British financial regulator said that James Kelly, in a part-time role, will advise the F.C.A. on supervision strategy and provide insight into the investment banking sector.
“It’s vital that we continue to appoint individuals with sector-specific expertise into the F.C.A., and James has that in spades,†Clive Adamson, the F.C.A.’s director of supervision, said in a statement. “His knowledge of the market and strategic insight will be hugely valuable.â€
The F.C.A. has hired several former industry executives in the past year to expand its expertise in the sector.
Robert Taylor, the former chief executive of the British private bank Kleinwort Benson, recently joined the F.C.A. as head of wealth management and private banking in its supervision division. Karina McTeague joined the regulator as director of retail banking last year from Lloyds Banking Group.
Mr. Kelly was a managing director in derivatives cross-product sales at Goldman Sachs from 2007 to 2012 and worked as a managing director in risk management products at UBS from 1993 to 2007. He started in the industry in 1985.
He will start immediately and report to Will Amos, director of the wholesale banking and investment management division, the F.C.A. said.
“The investment banking sector continues to experience considerable change, especially with regards to regulation,†Mr. Kelly said in a statement. “I’m looking forward to sharing my experience with Clive, Will and the rest of the team.â€
