Phillip Thorpe

Phillip Thorpe moved to the United Kingdom in 1989 as CEO of the Association of Futures Brokers and Dealers, later becoming an Executive Director of the Securities and Futures Authority. In 1991 he was seconded to the London Commodity Exchange ("London Fox") as CEO following the discovery of irregularities at the Exchange, subsequently assisting the Securities and Investments Board in a review of the UK regulatory system.

In 1993 Phillip Thorpe was appointed Chief Executive of IMRO, the organization responsible for the regulation of the investment management industry in the United Kingdom. Following the 1997 general election the new labour government announced that all financial regulation was to be merged into a single body and Phillip Thorpe was appointed as a Managing Director of the newly formed Financial Services Authority. The FSA is responsible for the regulation of all insurance, banking, securities and investment business in the United Kingdom. Phillip Thorpe had specific responsibility for the authorization, investigation and enforcement work of the FSA and its consumer programs, and for the development of its risk assessment and resource allocation processes.

In August 2001 Phillip Thorpe took up a new appointment as President of the Futures Industry Institute, based in Washington, D.C. The Institute is a not-for-profit organization providing a wide range of data services, statements of best practice and training and examination services to the financial services industry.