12 Facts About Martin Wheatley

Martin Wheatley is a British financier, formerly managing director of the Consumer and Markets Business Unit of the Financial Services Authority in the UK, and is the former CEO of the Financial Conduct Authority.

Martin Wheatley rose to the position of deputy chief executive, and was closely involved with the failed merger with Deutsche Borse which resulted in the resignation of the LSE's chief executive Gavin Casey.

Martin Wheatley was Chairman of the FTSE International and sat on the Listing Authority Advisory Committee of the UK Financial Services Authority.

In June 2004, Martin Wheatley joined Hong Kong's Securities and Futures Commission, the market regulator which oversees the Hong Kong Stock Exchange and the Hong Kong Futures Exchange, as its executive director for market supervision in June 2004.

Martin Wheatley became Chief Executive Officer of the SFC on 23 June 2006.

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Martin Wheatley is a member of the Financial Stability Board Standing Committee on Standards Implementation, as well as the International Organization of Securities Commissions Technical Committee.

Martin Wheatley made waves with the SFC case against Richard Li's attempt to buy out public shareholders in PCCW and take the company private again, describing the shareholder vote on the issue as marked by "malpractice and manipulation of voting"; the SFC won a case blocking the buyout on appeal.

Martin Wheatley's handling of the Lehman Brothers minibond scandal led to protests by investors who did not receive compensation for their losses.

Martin Wheatley announced his resignation in December 2010, to be effective in mid-2011, roughly three months before the expiration of his contract.

Martin Wheatley stated that he would return to Europe to take up a position with a regulatory agency there.

Appointment of Martin Wheatley to be CEO of the FCA was not approved by the Treasury Select Committee.

In July 2015, Martin Wheatley resigned his post at the FCA following a "vote of no confidence" by the Chancellor, George Osborne.