FMA announces new boss

New FMA chief executive Rob Everett.
New FMA chief executive Rob Everett.

Rob Everett, a UK-based regulatory consultant and former investment banker, has been named chief executive of the Financial Markets Authority, replacing Sean Hughes.

Everett, 45, will take up the position on February 3 and FMA head of legal Liam Mason will be acting chief when Hughes departs on December 17, chairman Simon Allen said in a statement.

Everett was most recently a director in the UK of Promontory Financial Group, a global regulatory consulting group, the FMA said. Prior to that he was at Bank of America Merrill Lynch for 17 years, including as chief operating officer for Europe, the Middle East & Africa, general counsel, head of legal and compliance, and investment banking in the Asia Pacific region.

Allen said Everett will lead the FMA through the rollout of the Financial Markets Conduct Act.

Everett "has a wealth of experience in law and compliance having specialised in capital markets and corporate finance," Allen said. He brings to the FMA "a truly global perspective on financial markets and regulation and he will be a great asset to FMA."

Everett has a Bachelor of Arts (Hons) and a Master of Arts in Law from Cambridge University. He is married to a New Zealander and has three children, the FMA said.

- BusinessDesk

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