FMA names new chief executive
Former Merrill Lynch legal executive Rob Everett has been appointed chief executive of the Financial Markets Authority.
FMA chairman Simon Allen said Everett's international experience would be invaluable.
"Mr Everett brings to FMA a truly global perspective on financial markets and regulation and he will be a great asset to FMA."
Everett was most recently based in the United Kingdom as a director of regulatory consulting firm Promontory Financial Group.
Before that he spent 17 years at Bank of America Merrill Lynch working out of their office in Europe, Asia and North America including chief operating office for Europe and the Middle East and head of legal for investment banking.
Everett, with a Masters in Law from Cambridge University, was born in the United Kingdom and is married to a New Zealander.
"I see this as a great opportunity to contribute to the development of New Zealand's capital markets and the broader economy,'' Everett said in a statement.
Everett beings his new job on February 3 and replaces Sean Hughes, who was appointed the FMA's foundation chief executive in 2011.