He will take up the post in autumn which was created as part of the FCA’s new strategic approach and to support the organisation’s current supervision of over 73,000 firms. Davidson will carry out the role alongside Tracey McDermott who holds the position of director of supervision for investment, wholesale and specialist.
Clive Adamson, who previously held the role, announced his departure at the end of 2014 before joining JP Morgan as a non-executive director.
Davidson is currently a senior adviser to private equity and financial services firms and is also a member of Jardine Lloyd Thompson’s strategic advisory group.
Martin Wheatley, chief executive of the Financial Conduct Authority (FCA), said: “This appointment is another example of the FCA being able to attract the best talent from across the financial sector. Jonathan has experience of working across the globe as well as in the United Kingdom.
“Given the increase in our supervisory work in retail over the last two years, this is an incredibly important role and I look forward to working with Jonathan.”
