NZ’s Financial Markets Authority Appoints Murray Jack as Chair

New Zealand regulator, the Financial Markets Authority (FMA), has appointed Murray Jack as its newest Chair following numerous board member roles in other domestic operations.

Mr. Jack has previously served as the Chair of the Board of Deloitte New Zealand as well as working as a Chief Executive there. In terms of the FMA, he has also been established as a board member since its inception in 2011, chairing the FMA’s Audit and Risk Committee. He will officially assume the new role on December 1, 2014.

According to Commerce and Consumer Affairs Minister, Paul Goldsmith, in a recent statement on the appointment, “I am very pleased that Mr. Jack has agreed to take on this crucial role. With extensive experience in both senior management and governance roles in the financial sector, Mr. Jack has good credentials to chair the FMA.”

“As chair of the FMA board, Mr Jack assumes a significant strategic role in ensuring that the FMA delivers on its objective to promote fair, efficient and transparent financial markets. He will guide the FMA in the implementation of the second phase of the Financial Markets Conduct Act regulations and other recent financial market law reforms and in its development as an effective markets regulator,” Mr. Goldsmith added.