Sunday, January 09, 2005

Procter Jumps Ship

Procter Jumps Ship

Andrew Procter, head of enforcement at the Financial Services Authority (FSA), is leaving to join Deutsche Bank; as head of compliance for Britain and Western Europe.

Procter was involved in the investigation into endowment mis-selling at Legal & General (L&G), which is currently appealing the £1.1m fine at the financial services and markets tribunal.

The result of their appeal is expected to be announced this week; and it was assumed, by some, that if L&G won then Procter would have to resign.

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