OFT goes on hiring spree
THE Office of Fair Trading (OFT) yesterday announced the appointment of the Treasury’s head of financial stability, Clive Maxwell, to run its services division as it continues a reshuffle started last month.
Maxwell, a key player in the government’s bailout of the banking sector, will join the watchdog as senior director of services on secondment from the Treasury in October.
The regulator added that it has hired ex-Morgan Stanley executive Noah Curthoys, as director of strategy and planning; Mario Tsavellas as head of business services; Sarah Berwick as a senior competition lawyer; and John Parker as a director in the credit division.
OFT chief executive John Fingleton and that the hirings will “strengthen the OFT’s senior capacity at a time when ensuring strong competition and fair behaviour towards consumers is more important than ever”.