FMA hires general counsel, new HR manager for expanded leadership team
Oct. 16 (BusinessDesk) - The Financial Markets Authority has hired Barclays Bank executive Nick Kynoch as general counsel and replaced its HR manager as part of a revamped and expanded leadership team.
Kynoch, who had been global head of regulatory compliance at Barclays' investment banking arm in London, will start with the regulator in January. The FMA also announced the appointment of Sarah Coleman, former HR director at law firm Chapman Tripp, as director of people and capability, replacing Diana Christensen. It also plans to hire a new director of external communications to replace Owen Gill, who joined the FMA last year on a fixed-term contract.
Two existing team members - director of capital markets Garth Stanish and director of strategy and risk Simone Robbers - get expanded roles, while Liam Mason continues as director of regulation and John Botica as chief operating officer.
Paul O'Neil, acting director of enforcement and investigations and currently listed as a member of the executive leadership team, will report to Kynoch when he starts in January.
"The FMA has undergone significant change and growth since its establishment in 2011," said chief executive Rob Everett, in a statement. "The regulatory functions and focus for each member of the executive committee are now well-balanced across the requirements of all the market participants and sectors we regulate."