The FMA is setting up a new leadership structure, with six executive-level roles.

The Financial Markets Authority in New Zealand has made a number of leadership changes. 

Announcing the new structure, Samantha Barrass, FMA chief executive, said that the new FMA set-up will consist of six executive-level roles reporting directly to the CEO. The existing executive committee will be disestablished early in 2023 and the new structure will take effect at the same time.

The new structure:

Executive director, strategy and design – this person will have responsibility for leading the strategy and direction setting for the FMA; 

ED, regulatory delivery, is responsible for directing, planning and delivery of the FMA’s core regulatory functions across licensing, influencing and supervision of regulated individuals and firms; 

ED, response and enforcement, oversees determining the strategy and appropriate response to actions and behaviour of market participants that pose risk or harm, including the investigation and enforcement of misconduct cases;

ED, evaluation and oversight and general counsel, is responsible for a broad range of audit, risk, legal and governance matters along with evaluating the effectiveness of regulatory interventions and activity; 

ED, transformation and operational delivery, is responsible for the group including finance, operations, and people and capability, which provides internal support to enable the whole of the FMA; and

ED, Te Ao M?ori helps FMA embed Te Ao M?ori into its activities. (The M?ori world view, “te ao M?ori” acknowledges the interconnectedness and interrelationship of all living and non-living things.)

Liam Mason, who will continue as general counsel, has been appointed as executive director, evaluation and oversight. 

Paul Gregory has been appointed to the role of ED, response and enforcement, and Clare Bolingford has been appointed as ED, regulatory delivery.

James Greig (director of supervision) will continue to support his current team in the transition to the FMA’s new structure, while future senior leadership roles are considered to make best use of his knowledge and extensive experience. 

Brad Edley, who has been chief operating officer at the FMA for six years, is leaving the organisation.

John Botica will serve as interim COO in addition to his current role. To reflect his combined roles, his title will be director of regulation and operations.