The head of Standard Chartered Plc’s internal investigations unit has left the bank to join the Financial Conduct Authority, according to the U.K. regulator.
Michael Welch, who previously ran the FBI’s international operations, was appointed the FCA’s director of retail and regulatory investigations this month, a spokesman for the regulator said. He will report to Mark Steward, the agency’s director of enforcement and market oversight, and replaces Tom Spender, who left the FCA in June to join Lloyds Banking Group Plc.
‘Enforcement 40’ for 2020
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