Mark Steward, the chief enforcer at Hong Kong's Securities and Futures Commission, is to leave his post in September for a similar one with the UK's Financial Conduct Authority as part of Martin Wheatley's post-Clive Adamson (pictured) reshuffle.

As this publication said in early January, Martin Wheatley, Britain's foremost financial conduct regulator, has been doing his best to recruit Mark Steward, the executive director of and head of enforcement at the Hong Kong Securities and Futures Commission, as his new enforcement chief. We wrote at the time that Steward was not disposed to agree unless the FCA offered him a princely sum. Disclosures about his full benefit package have yet to emerge on the regulator's website.

Tracey McDermott, the previous director of enforcement, departed at that time to take over the job of the disgraced Clive Adamson, the former head of supervision who decided in 2010 to appoint the Rev Paul Flowers, the 'crystal Methodist' who nearly bankrupted Co-Op Bank while on heroin and ketamine. Adamson is also best remembered for doing what he had spent years excoriating others for, namely creating a disorderly market. He did this by letting slip that an FCA investigation into life companies was going to take place, wiping billions of pounds off the share prices of large insurance carriers at the beginning of the working day.

Georgina Philippou took over the enforcement brief temporarily in January as a holding operation. Her labours will soon be over. Wheatley refused to resign over his part in the life débâcle. Barbara Frohn of Banco Santander is to be the new director of risk and compliance oversight.

Steward joined the SFC in 2006 as its executive director of enforcement. He is also a non-executive director of the Financial Dispute Resolution Centre. His contract with the SFC expires on 24 September 2015.