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The Chancellor of the Exchequer
(Mr. Gordon Brown)
I am pleased to announce that Callum McCarthy has agreed to be the next chairman of the FSA Board. With experience of the public sector, as a senior practitioner in the financial services industry and as chairman of a highly successful regulator, he will prove invaluable to the FSA as it tackles the regulatory challenge of the future. Callum McCarthy will take up his new duties in September.