Brown has taken on the new position of Head of Strategy, Innovation and Engagement. She will step aside from her current duties as Head of Primary Regulatory Operations to lead FMA’s change management programme over the next nine months.
FMA chief executive Sean Hughes said the appointment reflected the need for FMA to prepare itself for upcoming legislative reforms and the internal changes needed to respond to those reforms, most significantly the Financial Markets Conduct Bill which is due to be passed by Parliament later this year.
Simone Robbers will step into the role of acting Head of Primary Regulatory Operations. Robbers has been responsible for developing and leading FMA’s regulatory policy approach to financial markets legislative reform, including the Financial Markets Conduct Bill.
Robbers was the Risk and Compliance manager at AXA from 2006 to 2009.
Robbers is a senior lawyer with a strong commercial background in financial services and has held senior legal, risk and compliance roles in the financial services industry both in New Zealand and in the United Kingdom.
“I welcome Simone to the executive leadership table and am confident she will continue to make a strong contribution especially in her interaction with market participants,” Hughes said.
In other changes Scott McMurray will continue as acting Head of Stakeholder Management. McMurray stepped into the role in March when Diane Maxwell was appointed interim Retirement Commissioner.
FMA’s strategic leadership team which is tasked with delivering fair, efficient and transparent financial markets now consists of:
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