The Department for Business,
Energy and Industrial Strategy (BEIS) has announced that the preferred
candidate for Chair of the Competition and Markets Authority (CMA) is Marcus
Bokkerink.
Mr Bokkerink is a former
Managing Director and Senior Partner of Boston Consulting Group (BCG).
Since is retirement in 2020 he
has focused on investing in start-up and challenger businesses.
He has also worked as a Senior
Advisor to BCG and a strategic advisor to a small number of corporates.
He is chair of the Development
Board of Pembroke College, Cambridge.
The appointment sits well with
the CMA’s priorities for enforcement in cases involving innovation and hi-tech. For example, the CMA has ongoing
investigations into Google, Meta and Apple. It also has two market studies in this area
examining music streaming and mobile ecosystems in anticipation of tougher
powers from the government to support the Digital Markets Unit which currently
exists in a shadow form.
Having a chair with business experience
should inspire confidence amongst businesses and consumers.
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