FMA makes changes to exec team

FMA has revised its organisational structure and made a number of appointments but is without a director in its Communications and Investors sector.

Friday, October 16th 2015, 11:12AM

Chief executive Rob Everett said: “The FMA has undergone significant change and growth since its establishment in 2011. This new structure should be sustainable over the medium-term, taking advantage of existing strong leaders within the FMA, and bringing essential new skills and experience to the leadership team.”

Nick Kynoch has been appointed general counsel, in an expanded role including litigation, enforcement, corporate legal, regulatory policy and governance of the FMA itself.

Sarah Coleman has been appointed director of people and capability. A new communications director will be announced soon.

Director of markets oversight Garth Stanish has been made director of capital markets. The FMA said he would deliver an end-to-end contact point for capital markets participants and issuers.

Simone Robbers, currently director of primary markets and investor resources, will be director of strategy and risk. "Robbers will lead another new function to provide senior leadership of the development of the FMA’s regulatory strategy and the coordination of that strategy with co-regulators and government agencies. This role also includes leadership of the FMA’s corporate risk management function."

Everett said the new structure reflected the increasing range and depth of activity within the FMA’s mandate.

“The regulatory functions and focus for each member of the executive committee are now well-balanced across the requirements of all the market participants and sectors we regulate. I’m pleased to have brought together such a strong executive group, including local and global expertise acquired at the highest level, to deliver on our strategic priorities.”

The director of external communications, Owen Gill, has ended his fixed term contract and there is currently no Director of Communications and Investors. Also Diana Christensen, has finished as director of people and capability.

The new structure takes effect December 1.

Tags: FMA