Jonathan Davidson has joined the Financial Conduct Authority (FCA) as director of supervision -retail and authorisations. He will take up the position in the autumn.
Davidson worked for Mckinsey & Company between 1986 and 2009 , after which he became chief operating officer at Direct Line, a position he held until 2012. Since then he has acted as a senior adviser to private equity and financial services firms.
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Davidson is also a member of FTSE 250 company Jardine Lloyd Thompson’s Strategic Advisory Group.
Martin Wheatley, chief executive of the FCA, said: "Jonathan has experience of working across the globe as well as in the United Kingdom. Given the increase in our supervisory work in retail over the last two years, this is an incredibly important role and I look forward to working with Jonathan."
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