EUROPE - JC Flowers makes two senior appointments in its London office

As MD in the London office, Morgan, currently chairman of JC Flowers & Co LLC in Australia, will be responsible for JCF's investment portfolio across Europe and Asia Pacific. His predecessor Sinha is leaving the firm.

Morgan's joined JCF in 2008, having worked nine years with Australian financial services firm Westpac Banking Corporation; most recently as chief executive. Prior to joining Westpac, he was senior deputy secretary of the Federal Treasury in Canberra.

Former chairman of the UK Financial Services Authority (FSA), McCarthy, will be JCF Europe's first chairman. Prior to joining the FSA, he was chairman and CEO of Ofgem, the economic regulator for the gas and electricity industries. He has also held several senior positions at Barclays Bank and BZW. McCarthy was the UK member of The High-Level Group on Financial Supervision in the EU, established by the EU President to advise on the regulatory response to the present financial crisis, which reported in February 2009.

In addition to his new role with JCF, McCarthy is also a non-executive director of IntercontinentalExchange and has been nominated as an independent director of Industrial and Commercial Bank of China.

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