Clive Maxwell to take top job at the new competition regulator

THE MERGER of the Competition Commission and parts of the Office for Fair Trading (OFT) into the new Competition and Markets Authority will be managed by senior OFT official Clive Maxwell, the government said yesterday.

The career civil servant has spent the last three years at the regulator, where he worked on deals including the News Corporation and BSkyB merger.

Before that, he spent 17 years at the Treasury.

Business secretary Vince Cable welcomed Maxwell to the £135,300 a year job, explaining he “has been instrumental in forging strong relations with the government and the Competition Commission on the development of the new competition regime.”

Maxwell replaced OFT boss John Fingleton, who announced his intention to step down in February, after seven years in the role.