The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko has restructured its executive leadership team as part of its program to transform the way it operates.

CEO Samantha Barrass says she wants to ensure the FMA is prepared for a larger role as it focuses on outcomes for consumers of financial services.

“We are evolving and growing to deliver our existing responsibilities, alongside the increase of our legislative mandate,” she said.

“To reflect these changes we are introducing a simpler organisational design where senior leaders work at the right strategic level, supporting stronger collaboration across high-performing, functional teams.”

The FMA new enterprise leadership will consist of six executive level roles reporting directly to the CEO.

These are: Executive Director, Strategy & Design; Executive Director, Regulatory Delivery; Executive Director, Response & Enforcement; Executive Director, Evaluation & Oversight and General Counsel; Executive Director, Transformation & Operational Delivery; and Executive Director, Te Ao Māori.

“I am delighted to confirm that Liam Mason has been appointed to the role of Executive Director, Evaluation & Oversight – Mr Mason will continue as General Counsel. Paul Gregory has been appointed to the role of Executive Director, Response & Enforcement, and Clare Bolingford has been appointed to the role of Executive Director, Regulatory Delivery,” Ms Barrass said.

The FMA will shortly commence an external recruitment process for the roles of Executive Director, Strategy & Design, and Executive Director, Transformation & Operational Delivery.

The current Executive Committee will be disbanded early in the new year and the new structure will take effect at the same time.