New Zealand’s Financial Markets Authority (FMA) has made a series of executive appointments to its team, which is slated to take effect at the beginning of July, according to an FMA statement.
Liam Mason will become the FMA’s Director of Regulation – the new role will incorporate existing responsibilities formerly under the director of compliance role, which were left unattended following the departure of Elaine Campbell in May 2015.
Moreover, Garth Stanish will now assume the role of Director of Markets Oversight, a newly implemented role on the FMA’s executive team. As a result, the markets oversight group will now have a mandate for overseeing the NZX, crowd-funding/P2P lending platforms, and frontline supervisors.
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John Botica will be stepping into the role of Chief Operating Officer (COO), where he will be tasked with corporate functions such as finance, technology, enterprise project management and business planning.
Finally, Diana Christensen will be named the Director of People and Capability. She has held a number of senior human resources roles in this capacity, having already been reporting to the director of corporate operations since late 2014.
All four of these new appointees will be reporting directly to Rob Everett, the FMA’s Chief Executive.
According to Rob Everett in a recent statement on the appointments, “As we bed-in the Financial Markets Conduct Act, we are steadily reassessing our medium-term priorities. The appointments reflect the emphasis we are putting on our core regulatory processes and operations, the integrity and effective operation of our markets, and the key focus on the capability and development of our people and our core systems.”