FCA appoints two new senior advisers focused on competition and investment banking
23 Apr 2014 04:56 PM
David Saunders and Gunner Burkhart have been
appointed as senior advisers at the Financial Conduct Authority
(FCA)
Martin Wheatley, chief executive of the FCA, said of the
appointments:
"Both David and Gunner come with impressive
experience in their respective areas, which will be a valuable resource for the
teams as they look at competition and wholesale issues. I’m delighted to
have them on-board."
Formerly chief executive of the Competition Commission,
David Saunders brings with him unrivalled experience to advise the FCA. David
will work with both the competition department within the FCA and the
forthcoming Payment Services Regulator to support them as they promote
effective competition. He will also work with other business areas to ensure
competition issues are addressed, for example in the course of thematic
supervision.
Gunner Burkhart will be providing advice to the FCA on
wholesale and markets issues. Gunner has over 30 years’ experience in
investment banking and asset management. Most recently, Gunner was a managing
director at Nomura International, responsible for senior relationship
management and prime services.
Biographical information: David
Saunders
David has worked for over 35 years as a civil servant in
the Department for Business, Innovation and Skills (BIS) and its predecessors.
He has experience of business sponsorship, privatisation, export support
and regulation. David was head of consumer and competition policy at BIS for
four years, which included responsibility for consumer credit policy, before
becoming the chief executive of the Competition Commission (CC) in early 2009.
He retired from the CC in March 2014 and is a special advisor at Europe
Economics.
Biographical information: Gunner
Burkhart
Gunner has held a number of senior management and
leadership roles throughout his career. Originally based in New York, Gunner
moved to London in 1989 and has been managing global businesses from here since
then.
Gunner spent 15 years at Goldman Sachs and was managing
director, co-head of the European equities business. In 2001, He joined
Deutsche Asset Management on the executive committee as global head of trading
and broker relationship management. At Deutsche Gunner’s team launched
the first online broker evaluation programme to provide transparency on
Deutsche Asset’s commission spend.
Gunner then joined Lehman Brothers in 2004 as managing
director of senior relationship management in Europe, working for the
firm’s executive committee, managing some of their largest hedge fund and
asset management client relationships. He also ran the firm’s capital
markets prime services business in Europe.
Following his experience at Lehman Brothers, Gunner
worked for PWC, assisting in the administration of the Lehman estate before
moving to Nomura International as managing director/global head of senior
relationship management and prime services.
Notes for editors
- On
1 April 2013 the FCA became responsible for the conduct supervision of all
regulated financial firms and the prudential supervision of those not
supervised by the Prudential Regulation Authority (PRA).
- The
FCA has an overarching strategic objective of ensuring the relevant markets
function well. To support this it has three operational objectives: to secure
an appropriate degree of protection for consumers; to protect and enhance the
integrity of the UK financial system; and to promote effective competition in
the interests of consumers.
- Find out more information about the FCA.