The Financial Services Authority has recruited an executive from US computing giant IBM to run a new risk unit and replaced its head of wholesale and prudential policy, as part of a sweeping shake-up aimed at making the UK regulator more effective and efficient.
Colin Lawrence, a former managing director at Barclays Capital and UBS who runs the risk management and compliance team for Greater China and Asia-Pacific at IBMâs global business services unit, will be director of the FSAâs new prudential risk division, the regulator said today.
