Margaret Cole has been appointed as managing director of enforcement and financial crime at the Financial Services Authority (FSA) Board.

Cole joined the FSA in 2005, and will manage a division of 450 people. She is responsible for enforcement policy, intelligence gathering, forensic investigations and civil and criminal proceedings in areas including market abuse and financial crime.

Cole’s work at the FSA has seen three criminal convictions for insider dealing, 102 fines and prohibitions, amounting to fines of £33.6million.

“Margaret brings a wealth of regulatory, legal and commercial experience,” said Adair Turner, FSA chairman. “I am delighted to announce she is joining the FSA Board. Her credentials ensure that we further strengthen the breadth of knowledge, experience, insight and quality of judgement the Board provides.”

Hector Sants, chief executive at the FSA, added: “Margaret has drive the FSA’s strategy of credible deterrence over the last three years, building the in-house expertise, intelligence gathering tactics and litigation specialism, used to ensure we achieve our statutory objectives in respect of protecting consumers, market integrity and financial crime. Her leadership and management skills have been critical to the strong progress we have made.”

Prior to her appointment at the FSA, Cole qualified as a solicitor and has over 20 years’ experience in private practice.

Share Story: