Wheatley is currently managing director of conduct business at the FSA and is due to become chief executive of the Financial Conduct Authority – a new organisation due to be in place by the end of next year tasked with regulating conduct in retail and wholesale financial markets.
The board of supervisors, to which Wheatley has been elected, comprises of six members and deals with organisational issues of ESMA. Wheatley only recently joined the FSA, having spent six years as the head of the Securities and Futures Commission in Hong Kong. He left that position in June this year, after announcing his decision to leave in December 2010. Prior to working in Hong Kong Wheatley was deputy chief executive of the London Stock Exchange.
On his new appointment Wheatley said: “ESMA has a very important role to play in the regulation of the EU financial markets. I am therefore very pleased to be closely involved in ESMA’s future development and thank the members of the ESMA board of supervisors for electing me to the management board.”
Following the election, ESMA’s management board is composed of the following six members:
- Karl-Burkhard Caspari, Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), Germany
- Jean Guill, Commission de Surveillance du Secteur Financier (CSSF), Luxembourg
- Raul Malmstein, Finantsinspektsioon, Estonia
- Kurt Pribil, Finanzmarktaufsicht (FMA), Austria
- Fernando Restoy, Comisión Nacional del Mercado de Valores (CNMV), Spain
- Martin Wheatley, Financial Services Authority (FSA), UK
