Mark Steward to step down as FCA exec director of enforcement and market oversight
The UK Financial Conduct Authority (FCA) announces that Mark Steward will be stepping down as the FCA’s executive director of Enforcement and Market Oversight after seven years with the regulator.
Since joining the FCA in 2015, Mr Steward has led the delivery of some of the FCA’s most complex, high-profile, and precedent-setting enforcement cases, with many notable successes against major global financial institutions and individuals. He also led the FCA’s listing authority and oversight of the UK’s publicly traded markets, a role in which he developed the FCA’s data-led approach to market oversight. Additionally, he has been at the forefront of the FCA’s anti-scam marketing campaign, ‘Scamsmart’.
Mark Steward said:
‘It has been a privilege to serve the FCA throughout many challenges over the last seven years and, as I move on, to leave behind such a strong team for the future.’
The global search for a successor to Mr Steward will begin shortly. He will leave the FCA in Spring 2023.
Mark Steward joined the FCA in 2015 from the Hong Kong Securities and Futures Commission (SFC), where he was Executive Director with responsibility for the Enforcement Division. Before joining the SFC, Mr Steward held several senior positions with the Australian Securities and Investments Commission (ASIC), including Deputy Executive Director, Enforcement.
Mr Steward has been involved in corporate and securities regulation since 1987 in both Australia and in the UK, specialising in investigatory work and resulting litigation.
Mr Steward completed a law degree at the University of Melbourne in 1989.