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.

Wheatley worked for the for 18 years, including six years on its board. He rose to the position of deputy chief executive, and was closely involved with the failed merger with Deutsche Borse which resulted in Gavin Casey's resignation from the LSE. Wheatley was also Chairman of the FTSE International and sat on the Listing Authority Advisory Committee of the UK Financial Services Authority (FSA). In 2003, Wheatley earned a salary of £224,000 and a bonus of £318,000. However, he was made redundant in February 2004; he was expected to receive a severance package of at least £210,000.

In June 2004, Wheatley joined Hong Kong's Securities and Futures Commission, the market regulator which oversees the and the Hong Kong Futures Exchange, as its executive director for market supervision in June 2004. In September 2005, it was announced that he would replace Andrew Sheng as SFC chairman. Sheng had served in that position since 1998. Wheatley became Chief Executive Officer of the SFC on 23 June 2006. Wheatley is a member of the Financial Stability Board Standing Committee on Standards Implementation, as well as the International Organization of Securities Commissions (IOSCO) Technical Committee. Currently, Wheatley chairs the IOSCO Technical Committee Task Force on Short Selling.

Wheatley's tenure at the SFC was marked by aggressive anti-insider trading enforcement. These included the conviction of Du Jun, a former Morgan Stanley banker who was sentenced to seven years in prison. Among other things, the SFC won its first convictions and jail sentences for insider dealing and the first director disqualifications for listed company misconduct. He also 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.

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