In June the Telegraph announced:
Top auditor John Griffith-Jones will head the UK's new Financial Conduct Authority from next year.
Mr Griffith-Jones currently chairs the UK operations of KPMG, one of the world's "Big Four" auditing firms.
Until March 2010, Ian spent 37 years with KPMG, latterly as Senior Partner, London, working at Board level with international clients in many industry sectors.
From May 2002 to September 2007 Rake was Chairman of KPMG International. Prior to his appointment as Chairman of KPMG International he was Chairman of KPMG in Europe and Senior Partner of KPMG in the United Kingdom.