Belinda Moffat decides to leave FMA
Belinda Moffat decides to leave FMA after three years leading enforcement
The Financial Market’s Authority (FMA) today announced that Belinda Moffat has decided to leave the FMA after three and a half years leading the FMA’s enforcement team. Ms Moffat joined the FMA in March 2012, in the establishment phase of the new regulator, with a mandate to complete the finance company investigations and build the FMA’s enforcement capability.
The legacy finance company investigations are now complete and a wide range of enforcement activities have been undertaken under Ms Moffat’s leadership, across a range of financial services issues. The increased range of regulatory actions illustrates the significant broadening of the FMA’s remit under the Financial Market’s Conduct Act and the increased range of powers and regulatory tools now available to the conduct regulator.
As the FMA transitions into the FMC Act environment, Ms Moffat has decided that this is the right time for her to take on a new challenge outside the FMA, and will finish her role in September 2015. Paul O’Neil will become acting director of enforcement and investigations, reporting to chief executive, Rob Everett.
Rob Everett and the FMA Board wish to acknowledge the significant contribution and leadership role that Belinda has played in the FMA’s establishment years. Belinda leaves with the FMA’s thanks and best wishes.