James Greig to lead FMA monitoring of new regime

The FMA have shifted gear into monitoring mode, and have announced James Greig as director of market supervision.

Friday, March 19th 2021, 4:01PM

by Daniel Smith

James Greig

As the new financial advice regime begins the FMA has shifted its focus from transitional licences to monitoring the market, with advisers moving towards full licences.

Leading this change is James Greig, new director of supervision. Greig has recently been appointed to the FMA’s executive committee and has reported directly to chief executive Rob Everett since 2020.

Greig has led the FMA’s supervision team since 2016. The team is responsible for monitoring and supervision of managed investment schemes (MIS), supervisors, custodians, derivatives issuers and financial advice.

Michael Hewes has been appointed head of financial advice, within the supervision team and will lead this work, reporting directly to Greig.

Everett said: “James is already making a great contribution to the FMA’s leadership as we ready ourselves for a significant expansion in our remit. In particular, we are now implementing the new regime for financial advice which came into force earlier this week.

“James has proven himself an effective leader and played a major role both in our response to the Covid-19 pandemic and in the culture and conduct reviews into banking and life insurance in 2018.”

Tags: FMA people