Wednesday 2 February 2011 8:20 pm whatsapp Martin Wheatley wins top job at new City watchdog CPMA Share More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comColin Kaepernick to publish book on abolishing the policethegrio.comMark Eaton, former NBA All-Star, dead at 64nypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comKiller drone ‘hunted down a human target’ without being told tonypost.com whatsapp Show Comments ▼ KCS-content Tags: NULL WHEN Martin Wheatley announced his departure from the Hong Kong Securities and Futures Commission (SFC) he received an ominous send-off. Locals, angered by his ultimate responsibility for regulating loss-making Lehman mini-bonds, gathered outside the watchdog’s offices to play traditional Chinese funeral music while they burned pictures of Wheatley. It appears their prediction of his demise was premature; yesterday, Wheatley was named as the inaugural head of the Consumer Protection and Markets Authority (CPMA). Once the CPMA is spun out of existing the FSA – which is being chopped – it will serve as the main regulator for Britain’s securities markets, as well as overseeing how financial firms treat their customers. In the interim, he will become managing director of the FSA’s Consumer and Markets Business Unit.Despite the protests that accompanied his departure, Wheatley’s stint at the SFC was marked by several successes, including a raft of insider dealing cases that saw ex-Morgan Stanley boss Du Jun jailed for seven years.He joined the SFC in 2005 from the LSE, where he was deputy chief executive. He had been in the running for the top job in 2001 but lost out to Dame Clara Furse (who was on the panel that recommended Wheatley to the chancellor). The news will be galling for the FSA’s director of enforcement Margaret Cole, who was seen as the front running internal candidate. It comes on the same day that her team at the FSA secured a record jail term for insider dealing.