Name rings a bell, says PM
John Key probably crossed paths with the new chief executive of the Financial Markets Authority during their time at Merrill Lynch, but he would be unable to identify him in a lineup, the Prime Minister says.
Former Merrill Lynch investment banker Rob Everett was yesterday appointed the new head of the market regulator.
Everett joined Merrill Lynch in 1995 and stayed until 2012, working out of their offices in Europe, Asia and North America. His role included a stint as chief operating office for Europe and the Middle East.
The prime minister, who worked on foreign exchange for Merrill Lynch between 1995 and 2001, said in Christchurch yesterday he thought he had met Everett during their time at the firm, but any contact was minimal.
"I was advised he was going to be appointed, and I was advised he was ex-Merrill Lynch and I might know him."
Key said the name rang a bell, but he would be unable to identify Everett in a lineup.
FMA chairman Simon Allen said in a statement Everett's international experience would be invaluable.
"Everett brings to FMA a truly global perspective on financial markets and regulation and he will be a great asset to FMA," Allen said.
Everett was most recently based in the United Kingdom as a director of regulatory consulting firm Promontory Financial Group.
He was born in the United Kingdom and has a Masters in Law from Cambridge University.
He is married to a New Zealander and the couple have three children.
"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.
He begins his new job on February 3, replacing Sean Hughes, who was appointed the Financial Markets Authority's foundation chief executive in 2011.