UK Finance Agency Taps Hong Kong Official As Top Enforcer

Law360, San Diego (June 5, 2015, 8:50 PM EDT) -- The U.K.’s finance watchdog on Friday appointed a key official from the Hong Kong Securities and Futures Commission to be its new director of enforcement and market oversight.

Mark Steward, who serves as head of enforcement at the Hong Kong commission, will assume his new post at the Financial Conduct Authority in London in the fall.

Tracey McDermott previously led the enforcement division at the FCA, but she took over as director of supervision at the agency earlier this year.

At the Hong Kong commission, Steward has overseen the securities and futures markets, and previously, he worked as the deputy executive...

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