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FMA confirms board appointments

A fund manager is among new faces on regulator's board.

Monday, April 1st 2019, 4:33PM 1 Comment

Chris Swasbrook

Commerce and Consumer Affairs Minister Kris Faafoi has confirmed Mark Todd as the new chairman of the Financial Markets Authority (FMA), and Chris Swasbrook as an associate member.

Todd takes over from Murray Jack, whose term expires at the end of April 2019.

“I want to thank Murray for his contribution to the FMA since he was first appointed as a member in 2011 and his strong and steady leadership after he became chair in 2014,” Faafoi said.

“Mark’s appointment will provide the FMA with continuity as he has been on the Board for the last three years playing a key role on the Audit and Risk Committee. His experience will be highly useful for the FMA’s work across the financial sector.”

He said Swasbrook had a strong understanding of international and New Zealand capital markets and the broader industry.

Swasbrook is currently managing director of Elevation Capital Management and a member of the NZX listing sub-committee and NZ Markets Disciplinary Tribunal. 

Todd has been a member of FMA Board since 2015. 

Tags: FMA

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Comments from our readers

On 3 April 2019 at 12:31 pm Pragmatic said:
I haven't met Todd, but believe that Swasbrook's appointment to the FMA will provide them with an on-the-ground-perspective that will be valuable.

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