Sacha Sadan will join the Financial Conduct Authority this summer as director of environment, social and governance, a spokeswoman confirmed.
The role is new.
Mr. Sadan will develop and advocate for the FCA's approach to sustainable finance on a global basis. He will lead policy development to help ensure the long-term safety and soundness of firms, the proper functioning of markets and the protection of consumers.
He will report to Nikhil Rathi, CEO, the spokeswoman said.
"The FCA is rightly seen as an international leader on the role financial regulation should play in delivering a more sustainable and greener future. We welcome the recent addition to our remit of a requirement to have regard to the U.K. target of net zero carbon emissions. I am delighted to have someone of Sacha's experience and insight joining us to help us accelerate this important work," Mr. Rathi said in a news release.
The FCA also appointed Ian Alderton as chief information officer and Ian Phoenix as director, intelligence and digital, as part of its move to become a data-led regulator able to make fast and effective decisions.
Mr. Sadan was director of investment stewardship at Legal & General Investment Management.
Michelle Scrimgeour, CEO, said in an emailed statement: "Whilst we are sad to see Sacha leave, we understand the opportunity to further shape best practice across the wider investment industry is a challenge that he could not turn down and we wish him every success in this new and important role at the FCA."
A person familiar with LGIM said a search is underway for a replacement. Michael Marks, head of responsible investment integration, will oversee the team in the interim.
