FMA welcomes new chair

Craig Stobo will helm the organisation for the next five years

FMA welcomes new chair

The Financial Markets Authority (FMA) has welcomed a new chair in Craig Stobo.

Stobo will be helming the organisation for a five-year term. He succeeds Mark Todd, who stepped down at the end of last month after working with the FMA in various roles for almost nine years.

“Mr. Stobo brings a significant depth of experience to the role, having worked as a director, diplomat, economist, and chief executive. The FMA will benefit from Mr. Stobo’s understanding of market issues and regulation, as well as the importance of informed participation from businesses and investors”, said Commerce and Consumer Affairs Minister Andrew Bayly.

Bayly added that Stobo’s appointment put the FMA in a good position to “address future challenges and further develop our financial markets to increase resilience, trust and confident participation”.

Bayly also expressed his gratitude to Todd, who helped support the FMA’s transformation programme and supervised the appointment of chief executive Samantha Barrass in 2021. The minister also confirmed the departure of Mark Weenink from the FMA board as of 1 May.

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