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Your regulator of financial advice

The Financial Markets Authority has "substantially completed senior appointments" as part of its organisation redesign.

Friday, March 17th 2023, 1:32PM

It has added three directors to new roles in the strategic leadership" cohort":

  • Michael Hewes - director – deposit taking, insurance and advice
  • John Horner - director – markets, investors and reporting
  • Peter Taylor – director specialist supervision and response.

Hewes and Horner report to Clare Bolingford, executive director, regulatory delivery, while Taylor reports toPaul Gregory, executive director, regulatory response and enforcement.

Two of these appointments are internal promotions. Hewes has been with the FMA for seven years, while Horner joined the regulator in October 2020.

Taylor has an extensive regulatory and legal background, having worked at a senior executive level in financial services and competition and economic regulation in New Zealand and overseas.

Previously, he assisted with the establishment of The Business Banking Resolution Service (BBRS) in the UK. In 2016 he was at the Gibraltar Financial Services Commission, as Director Legal, Enforcement and Policy. An organisation FMA chief executive Samantha Barrass worked for.

Taylor's FMA role includes responsibility for functional teams comprising, specialist supervision and perimeter and response.

Hewes will be responsible for the effective oversight of deposit takers, insurance companies and financial advisers. 

Horner will be responsible for the effective oversight of capital markets, investment management, auditors and financial reporting. 

Barrass says the FMA "completed an extensive search to fill these particular director roles".

Tags: FMA

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