The Government has announced the appointment of James Miller as chair of the Financial Markets Authority (FMA) for a five-year term, starting 6 August.
The appointment of Trevor Janes to the FMA board for a two-year term was also confirmed. Mr Janes was the inaugural chair of NZ RegCo, the NZX’s independent regulatory arm, and brings significant capital markets expertise including in investment management and regulation, and as chair of NZX-listed companies.
Mr Miller and Mr Janes are both Officers of the New Zealand Order of Merit – Mr Miller for services to corporate governance and Mr Janes for services to business and public sector governance.
“Getting the right people into these roles is part of fixing the basics and building the future, so New Zealand’s financial markets work for the people and businesses that rely on them,” said Consumer Affairs Minister, Cameron Brewer.
Finance Minister, Nicola Willis described Mr Miller as one of New Zealand’s most respected directors.
“For the best part of 12 years he has been making the case for a renaissance in New Zealand’s capital markets. I am delighted to appoint him to lead the FMA,” she said.
“His expertise in capital markets, corporate governance and financial regulation, including his time chairing the NZX, and as an inaugural director of the FMA, makes him exactly the leader the FMA needs as it steps into its expanded role.”
Minister Brewer thanked Steven Bardy for his service while acting in the role of FMA chair.
