Sir Hector Sants, former executive at Barclay’s Bank and the UK’s Financial Services Authority, has decided to join management consulting firm Oliver Wyman as a partner and vice president. In his new role he will advise Oliver Wyman’s clients on new supervisory models emerging in many jurisdictions and how they present regulators and companies with choices on organisation, corporate governance, conduct, compliance, controls, and risk management.
Sir Hector Sants has held various roles at the top of business and government. From July 2007 to June 2012 he served as the Chief Executive of the Financial Services Authority (FSA) in the UK, the financial regulatory body then responsible for oversight of the integrity of the UK’s financial markets. He led the FSA during the financial crisis and reorganised it into the current conduct and prudential structure prior to stepping down. Most recently Sants served as Head of Compliance and Government and Regulatory Relations at Barclay’s Bank, however left the firm in November last year following stress related exhaustion. Earlier in his career Sants worked for among others UBS, Donaldson, Lufkin & Jenrette and later on Credit Suisse First Boston. He began his professional career as an investment analyst at Phillips & Drew. Sants holds a MA in psychology and philosophy from the University of Oxford.
Sants currently is active in Abu Dhabi, where he is on a six month appointment advising the Arab state on its plans to set up a financial centre. Upon completion, he will per July 2015 join strategy and management consulting firm Oliver Wyman, based in London. “Oliver Wyman is especially pleased to have Sir Hector join us,” notes Scott McDonald, Oliver Wyman’s Chief Executive Officer. “He brings rare and keen insight into global financial markets and on the challenges and opportunities implied by the regulatory reform program. Our work with clients on these issues will benefit greatly from his insights.”
“I know and respect Oliver Wyman and the work it has done,” Sants comments. “I share its penchant for content and idea development and look forward to joining a partnership of likeable and like-minded colleagues where I can be an active and engaged part of the team.”
Next to his professional career, Sants is Chair of the Archbishop of Canterbury's Task Group on promoting responsible savings and credit, exploring the role the Church can play in this area. The group's initial focus is on education, financial advice, and credit unions.
Earlier this week Oliver Wyman appointed three new partners to its UK office.