John Tiner

John Ivan Tiner

Early life

He was born in Guildford, Surrey. He was educated at Kingston University.^[2]

Career

For 25 years up to April 2001, he worked for Arthur Andersen (a firm of accountants and management consultants). He was a partner for 13 years, and in 1997 became head of the global financial services practice. He led a team that produced a report into the 1995 collapse of Barings Bank for the Bank of England's Board of Banking Supervision. This led him to be increasingly interested in financial regulation.^[1]

In April 2001, he joined the FSA to become managing director of consumer, investment and insurance directorate. In September 2003, he became FSA chief executive. This came after the resignation of Sir Howard Davies as FSA executive chairman, when that post was split into two: chairman (Sir Callum McCarthy) and chief executive (Tiner). At the FSA, he led the Tiner Review into the insurance industry, dealt with the split capital investment trusts scandal, addressed the issue of consumers' poor understanding of personal finance, and reorganized the FSA into three business units: retail markets, wholesale markets and regulatory services. He also promoted principles-based regulation as against rules-based regulation. He resigned from the FSA in July 2007, and was succeeded as chief executive by Hector Sants.^[1][3][4]

In April 2008, he took up a non-executive directorship at New Star Asset Management (now