LONDON - The Financial Conduct Authority of Britain is turning to another industry veteran as it looks to bolster its expertise in its supervision division.
Julia Hoggett, a managing director for debt capital markets products at Bank of America Merrill Lynch, will join the regulator in early May as head of investment banking in its supervision division.
“I am delighted that Julia is joining us â€" she has a huge amount of industry experience, with an excellent understanding of financial institutions and specific investment banking experience,†said Clive Adamson, the F.C.A.’s director of supervision, in a statement.
Ms. Hoggett has been with Bank of America Merrill Lynch since 2010 and is the head of a division responsible for a range of debt capital products.
She was previously the chief executive of Depfa ACS Bank in Ireland and the head of capital markets for the Depfa Bank Group. She began her career at JPMorgan Chase, working in its debt capital markets business.
She will report to Will Amos, the director of the wholesale banking and investment management division, the F.C.A. said.
The F.C.A., which began operation in 2013 after an overhaul of Britain’s financial regulatory system, has hired several former industry executives in the past year to expand its expertise in the sector.
In February, James Kelly, a former managing director at Goldman Sachs and UBS, joined the regulator in a part-time role as an adviser in its division that supervises wholesale banking and investment management.
Robert Taylor, the former chief executive of the British private bank Kleinwort Benson, joined the F.C.A. in January as head of wealth management and private banking in its supervision division. Karina McTeague joined the regulator as the director of retail banking last year from Lloyds Banking Group.
“I am looking forward to working closely with colleagues and the wider market to ensure that the United Kingdom remains at the forefront of the investment banking industry and does so in a manner which places the protection of consumers, of all forms, front and center,†Ms. Hoggett said in a statement.
