The Financial Conduct Authority (FCA) has hired former Goldman Sachs managing director James Kelly as an adviser in its wholesale banking and investment management division within the supervision unit.
In his new role, Kelly will be responsible for advising the team, headed by FCA supervision director Clive Adamson, on supervisory strategy on the investment banking sector.
Previously, Kelly also served as managing director in risk management products at UBS from 1993 to 2007 when he moved to Goldman Sachs as a managing director in derivatives cross product sales.
Kelly will report to Will Amos, director of the FCA’s wholesale banking and investment management division within the supervision segment.
Clive Adamson, director of supervision at the FCA, said: "It’s vital that we continue to appoint individuals with sector specific expertise into the FCA, and Kelly has that in spades. His knowledge of the market and strategic insight will be hugely valuable.
"This is the latest high-profile addition to the supervisory team at the FCA and I’m sure it will be welcomed by the industry."