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New FMA appointments announced

Hon Paul Goldsmith
3 June, 2015

Commerce and Consumer Affairs Minister Paul Goldsmith today announced three new appointments to the Financial Markets Authority Board.

“I am pleased to announce that the Governor-General has appointed Campbell Stuart, William Stevens and Mark Todd as new members of the Financial Markets Authority (FMA) for terms of three to five years, starting on 8 June 2015,” Mr Goldsmith says. 

“I am very pleased with these appointments. Each candidate brings with them a great deal of experience in their respective areas. They will support the FMA to continue with its important work of strengthening public confidence in our financial markets and regulating the firms and professionals working in them.

“Mr Stuart’s knowledge of financial markets, Mr Stevens’ financial advising experience, and Mr Todd’s legal expertise will be of huge benefit to the work of the financial markets regulator.

Mr Goldsmith also welcomed the reappointment of Michael Webb to the FMA Board for a further year, and thanked James Miller and Justine Smyth for their services to the Board from 1 May 2011 to 30 April 2015.

“Mr Miller and Ms Smyth have made a considerable contribution to the FMA since its establishment. Their expertise has helped steer the FMA to become the quality regulator that it is today,” Mr Goldsmith says.

Media contact:
Cameron Gray
04 817 8392
021 763 970

Notes for editors:

Financial Markets Authority

The Financial Markets Authority (FMA) is New Zealand’s financial markets conduct regulator, established in May 2011 as an independent Crown entity. The FMA’s mandate is to promote and facilitate the development of fair, efficient and transparent financial markets. It is responsible for strengthening public confidence in the New Zealand financial markets, and for regulating the firms and professionals that work in those markets.

Campbell Stuart

Campbell Stuart is a registered chartered accountant with 25 years’ experience in stockbroking and funds management. He is currently a director of Aspiring Asset Management and before then he was 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 corporatisation.

William Stevens

William Stevens has nearly 30 years’ experience in the stockbroking and investment advisory industry. He has been a director and investment advisor for Craigs Investment Partners since 2001, and previously a director at Merrill Lynch (formally Hendry Hay McIntosh). Prior to that, he was a Lieutenant Commander in the Royal New Zealand Navy. For nine years he was Deputy Chairman of the New Zealand Markets Disciplinary Tribunal.

Mark Todd

Mark Todd is an independent barrister and solicitor with over 20 years’ experience in funds management, financial services and insurance regulation. He is a director and co-founder of Anti-Money Laundering Solutions and a member of the Association of Certified Anti-Money Laundering Specialists. Previously he was a partner at Bell Gully for 15 years and advised on the new financial markets legislation. Mr Todd has been a member of Bell Gully’s board, is a former director of three related NZSX listed companies and is currently a director of Westpac Life.

Michael Webb

Michael Webb is a commercial barrister specialising in financial markets, banking, insolvency, government and corporate law. He has been a member of the FMA board since May 2011, and was Chair of the Ministerial Task Force on the Regulation of Financial Intermediaries. For eleven years until 2003 Mr Webb was a non-executive member and regularly Acting Chairman of the former Securities Commission. He is also an experienced company director and board member in both private and public sectors.