Motu Senior Fellow Arthur Grimes Appointed Associate Member of FMA
Motu is pleased to announce that Arthur Grimes, one of our Senior Fellows, has been appointed an associate member of the board of the Financial Markets Authority.
The FMA, which will replace the Securities Commission, will be up and running in May. It is designed to restore the confidence of the average Kiwi investor in the financial markets by actively enforcing financial regulations. It will be the single market conduct regulator for New Zealand’s financial markets.
Simon Allen will be FMA chair, and Sean Hughes has been announced as the chief executive designate. The eight board members are Shelley Cave, Colin Giffney, Mary Holm, Murray Jack, James Miller, Justine Smyth, Michael Webb, and Mark Verbiest. Along with Arthur, Bruce Sheppard and Rebecca Eele have been appointed associate members.
Posted 06-Apr-2011 by Tui