Dan Waters leaves FSA

Dan Waters is to step down from his role as director of conduct risk and asset management sector leader, with Christina Sinclair taking over on an interim basis.

He has been responsible for the regulator's overall strategy and liaison with the fund management industry and was previously director of regulatory strategy and risk Division and director of enforcement In a message to staff, Hector Sants, chief executive of the FSA, says: "Dan has determined that making the necessary long-term commitment to the complex set-up and operation of the new regulatory regime would not be the appropriate choice at this stage of his career. "He is considering other opportunities that will allow flexibility to pursue his interests here in the UK while allowin...