1. FMA's role
  2. Our people
  3. Board of Directors

Board of Directors

Murray Jack

Chairman, BCom, FCA

Murray is also Chairman of Deloitte New Zealand, having previously been Chief Executive from 2005 to 2011. He has been involved in the development of the auditor oversight regime and related regulatory issues and in the governance of accounting and auditing matters. He has over 25 years' experience as a management consultant, is the Chair of the Audit and Risk Committee and was previously a member of the Securities Commission. Murray is currently a Board member of the New Zealand Institute of Chartered Accountants.

Ainsley McLaren 

Member, BCom

Ainsley is a board member of the Government Superannuation Fund Authority and has more than 25 years' broad financial services experience including investment management, fixed interest and financial markets. She was previously Head of Investment Management for ASB Group Investments Limited. In that role, she was accountable for the performance of ASB Bank’s retail managed funds and immunising the long-dated liabilities of Sovereign Assurance, New Zealand’s largest life insurer. Prior to joining ASB Group Investments, Ainsley was Head of Sales and Service for ASB Financial Markets leading the team of dealers providing foreign exchange and interest rate risk management solutions to a wide range of clients.

Arthur Grimes

Member, BSocSc (Hons), MSc, PhD

Arthur is an economist and has extensive experience in the financial sector. He has been heavily involved in economic research with Motu Economic and Public Policy Research Trust, where he is a senior fellow. He is also an adjunct professor of Economics at The University of Auckland and was Chair of the Reserve Bank Board for 11 years, until September 2013. Arthur is currently Trustee of the Reserve Bank of New Zealand Staff Superannuation Fund to September 2013. He is also the Chair of Hugo Group Strategy sessions and Chair of the Postal Network Access Committee to September 2013.

Campbell Stuart


Campbell is a registered chartered accountant with 25 years’ experience in stockbroking and funds management. He is currently a director of Aspiring Asset Management and was previously managing principal at UBS New Zealand. He was on the NZX Disciplinary Committee for nine years and was vice chairman of the NZX prior to its corporatisation.

Mark Todd

Member, LLB Hons

Mark is a lawyer with over 20 years' experience in financial markets regulation, gained as a partner at Bell Gully and an independent practitioner. He is director and co-founder of professional services business Anti-Money Laundering Solutions.  He has also held governance roles with a number of NZX listed and private sector companies.  Mark is currently chair of Mint Asset Management and a director of Westpac Life.

Mary Holm

Member, BA, MA, MBA

Mary is a financial columnist, author and seminar presenter. She was a member of the Capital Markets Development Taskforce and the Savings Working Group. Mary is currently Director of the Banking Ombudsman Scheme.

Shelley Cave

Member, LLB

Shelley is a professional director who also sits on the board of the Government Superannuation Fund Authority, and held roles on the Financial Markets Establishment Board and the Securities Commission.  She was previously a lawyer, recognised for her specialist expertise in mergers and acquisitions, and capital markets.  Her legal career spanned 23 years, twelve of which were as a partner of Simpson Grierson.

Vanessa Stoddart

Vanessa StoddartMember, B Com/LLB (Hons), PG Dip in Prof Ethics

Vanessa is an Independent Director for NZ Refinery, Paymark, The Warehouse Group, The Alliance Group and a member of the Tertiary Education Commission. She chairs a number of Remuneration and Nomination Committees. She was previously Group General Manager of Technical Operations and People at Air New Zealand for almost ten years and a key driver of the cultural transformation at the airline. Vanessa joined Air New Zealand from Carter Holt Harvey Packaging Australia, where she was the Chief Executive.

William Stevens

Member, BBS

William is an Authorised Financial Adviser and an NZX Advisor with over 25 years’ experience in providing investment advice. He is an investment advisor and director of Craigs Investment Partners and previously worked for Merrill Lynch and Hendry Hay McIntosh. He was deputy chairman of the New Zealand Markets Disciplinary Tribunal for eight years. William is also chairman of the Dingwall Trust for Children.