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Ex-financial regulator joins PwC
Margaret Cole - the in-demand former managing director of Britain's Financial Services Authority's conduct business unit - has been appointed general counsel of PricewaterhouseCoopers UK.
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A report in UK legal newspaper The Lawyer states that Ms Cole will become a member of PwC’s executive board with responsibility for the office of general counsel. She will take up the role in the autumn, replacing current GC Owen Jonathan, who retires in December this year.
Extensive experience
PwC chairman and senior partner Ian Powell said in a statement: ‘The complexity of current and proposed legislation affecting PwC and our clients requires a general counsel with extensive experience, expertise and judgement.
‘Margaret has demonstrated these qualities in her career to date in public and private practice, and at the most senior level at the heart of financial services regulation. [She] will bring a new perspective to the firm and will make a significant contribution to our network.’
Under pressure
In a statement as she left the FSA, which has been under pressure in the aftermath of the global financial crisis, Ms Cole said: ‘It has been a challenging, but rewarding few years and I believe, with the help of a team of quality people, I have created a successful enforcement platform to take to the UK’s new regulatory authorities. The time has come for me to seek a fresh challenge, knowing that I leave the continuation of a winning strategy in safe hands.’
Extensive experience
PwC chairman and senior partner Ian Powell said in a statement: ‘The complexity of current and proposed legislation affecting PwC and our clients requires a general counsel with extensive experience, expertise and judgement.
‘Margaret has demonstrated these qualities in her career to date in public and private practice, and at the most senior level at the heart of financial services regulation. [She] will bring a new perspective to the firm and will make a significant contribution to our network.’
Under pressure
In a statement as she left the FSA, which has been under pressure in the aftermath of the global financial crisis, Ms Cole said: ‘It has been a challenging, but rewarding few years and I believe, with the help of a team of quality people, I have created a successful enforcement platform to take to the UK’s new regulatory authorities. The time has come for me to seek a fresh challenge, knowing that I leave the continuation of a winning strategy in safe hands.’
