New Appointments to Strengthen Financial Markets Authority Board

The Minister highlighted the government’s focus on enhancing financial markets, promoting competition, and ensuring robust regulation.

Commerce and Consumer Affairs Minister announced the appointment of three new members—Tracey Berry, Nicholas Hegan, and Mariette van Ryn—to the Financial Markets Authority (FMA) board for a five-year term ending in August 2029. Additionally, Chris Swasbrook has been reappointed after serving since 2019, joining Craig Stobo, who was appointed chair in May 2024.

The Minister highlighted the government’s focus on enhancing financial markets, promoting competition, and ensuring robust regulation. The new appointees, with expertise in banking, law, and financial services, will support the FMA in its role as New Zealand’s primary financial conduct regulator, ensuring fairness, transparency, and efficiency in the markets.

The appointments follow regulatory changes aimed at strengthening consumer protection and market oversight, including new powers for the FMA to monitor market conduct and protect consumer interests. These moves will enhance the FMA’s capacity to lead financial regulation across all sectors.