Sants honoured for 'exceptional contribution' to industry

Author: Rahul Odedra
IFAonline | 07 Dec 2010 | 11:15

Categories: Better Business

Topics: Hector Sants| FSA| BBA| Angela Knight

sants-hector-150-jpg

FSA chief executive Hector Sants has been awarded Honorary Fellowship of the Chartered Institute for Securities & Investment (CISI), alongside BBA chief executive Angela Knight.

They join 43 other Honorary Fellows of CISI, all of whom are considered to have "contributed with distinction to financial services and the CISI".

CISI Chairman Alan Yarrow said: "These are two very able people who have made an exceptional personal contribution to the City and our industry and we are very pleased that they have accepted Honorary Fellowship."

Having previously worked with Credit Suisse First Boston, DLJ and UBS, Sants joined the FSA in 2004 as MD of wholesale and institutional markets before becoming chief executive in 2007.

He says: "I am delighted to accept this CISI Fellowship. The values it represents are integral to the foundation and development of the industry and its practitioners."

Meanwhile, Knight, an MP between 1992 and 1997 and former economic secretary to the Treasury, has previously been chief executive of the Association of Private Client Investment Managers and Stockbrokers and joined the BBA in 2007.

She says: "I am honoured to receive and accept this CISI Fellowship, particularly as I am a firm supporter of the CISI's core values of integrity, professionalism and excellence."

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Radio 4

Perhaps they could honour Jeremy Hunt the culture secretary at the same time... that would make 3 of them then....

Posted by: Rob

07 Dec 2010 | 11:45
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Unbelievable

Great, honour someone who has overseen the collapse of Banks and seen the Country brought to its knees.

Posted by: Stunned

07 Dec 2010 | 11:58
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Sants & Knight

What else should we expect, these are two of those who oversaw the biggest financial crisis in our history, of course they will be given awards and plaudits whilst the rest of us suffer with the consequencies.

Posted by: Alan

07 Dec 2010 | 12:04
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Jobs for the boys...

So what exam did HE have to pass for this then....? I hope that it makes him feel really important.

Posted by: Ballbag

07 Dec 2010 | 12:05
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Reward for failure

What about completing the hat trick with another honour for dear old Fred Goodwin whilst we are at it!

Posted by: Terry Humphreys

07 Dec 2010 | 13:02
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The Wrong Message

I am sure that Hector Sants is a very able person - but what message is this giving out to the public at large? You can't get away from the fact that he was Captain of the ship when it nearly went down. And I seem to remember that the Polaris Submarine Captain who ran aground last month was relieved of his command. Immediately. Once again, I am sure that he was a very able Captain - but someone has to take responsibility. And the failure of the all seeing regulator to spot the biggest financial crisis on the horizon is surely the equivalent of running aground. Bad message being sent out to those nasty Bankers!

Posted by: Simon Booth

07 Dec 2010 | 13:41
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Sants Eceptional Contribution

Hector Sants, Angela Knight and the banks generally sure have made exceptional contributions to industry. Together with our politicians they have put the industry and people of this country into the worst financial condition they have been in for about 100 years. God help us ! What has our country come to ? We let banks get too big and do whatever they want with the publics money, we have sold our main airports, football clubs, Cadbury, the proposed Nest pension scheme, our utility companies and many other good English companies, too many to mention her to overseas buyers now failure is being honoured. Is this organisation a collective of the insane and bewildered of the banking world. Oh ! They have forgotten to honour the Crosby guy of FSA and Halifax fame as well as Fred Goodwin. They are in their retirement castles in Yorkshire and France

Posted by: John Smyth

07 Dec 2010 | 13:53
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Sickening

Failure,bullying and an agenda to put honest,hardworking people out of work deseves an award does it? It really boils my p**s.

Posted by: Peter Taylor

07 Dec 2010 | 14:14
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Came for the Comments

I had no interest in the article; I just came for the Comments! This world is upside down when we honour men as this.

Posted by: Guy Faux

07 Dec 2010 | 14:36
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Amazing

This is truly exceptional. This must epitomise the Oscars of ‘Brown Nosing’.

Posted by: harry Katz

07 Dec 2010 | 15:01
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Wrong.....

This is just totally wrong - two of the most destructive individual ever to have such influence on financial services get awarded something for (exceptional contribution". Exceptional is right, exceptionally POOR. Absolutely disgusting.

Posted by: David

07 Dec 2010 | 15:17
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Pathetic

The individual is a cold blooded character who thinks he can put thousands of honest hard working, mostly self employed individuals, out of work at a stroke of a pen.

Posted by: Rob

07 Dec 2010 | 15:52
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What do they expect in return I wonder !!`

Seems like they are trying to keep these people sweet for some reason! I wonder why

Posted by: Michael Fallas

07 Dec 2010 | 16:34
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You must be joking

The other, presumably genuine recipients of this waste of time and money, should return their "honour" in disgust. They might as well give Hoban an award for honesty.

Posted by: Bob

07 Dec 2010 | 16:40
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disgusting!

a reduction in IFA's of 'up to 30%' is acceptable to him and the FSA , even when they overseen the worst financial crisis since the 1930's, i wonder if it would be acceptable to see a 30% reduction in the number of banks, FSA staff or fees charged to IFA's to fund them? Somehow I think I know the answer to that already!

Posted by: Neil

07 Dec 2010 | 19:18
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I know nothing but...

...Sants is a saint compared to his predecessors. Some of the worst regulators have gone since he took the reins. I believe he is a man of honour, not many of those in this industry and that is for sure!

Posted by: Evan Owen

07 Dec 2010 | 20:19
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Disbelief

I read this with utter disbelief. The fact that Sants was asked to hang on and now this suggests to me that the powers that be want somebody to take the flack for of the appauling decisions that have been made at the FSA and continue to be made. Maybe its sign that nothing will change in respect of the RDR and they want all the brown stuff to stick to Sants rather than anybody else

Posted by: Mike

08 Dec 2010 | 08:39
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History's other awards:

Attila the Hun - tourism Adolf Hitler - european unity Gordon Brown - sensible economic policy Tony Blair - world peace George W Bush - geography Prince Phillip - public relations Linsey Lohan - responsible drinking Pete Doherty - pharmacutical

Posted by: You must be joking

08 Dec 2010 | 08:43
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