New management team completes SFO restructuring

New management team completes SFO restructuring

The Serious Fraud Office (SFO) today announced the appointment of four senior managers following the restructuring of the Office which commenced in March this year.

Announcing the appointment, Chief Executive, Adam Feeley, said “I am delighted to be able to make such outstanding appointments - the quality of which reflects the public importance and interest in the work of the SFO.”

The appointments are:
• Deborah Marshall: General Counsel;
• Simon McArley: General Manager, Financial Markets & Corporate Fraud;
• Nick Paterson: General Manager, Fraud & Corruption;
• Rhys Metcalfe: General Manager, Fraud Detection & Intelligence

Ms Marshall was previously a partner at the Auckland Crown Solicitors, Meredith Connell, and prior to this has worked for the Police; Serious Fraud Office, and Privacy Commission.

Mr McArley is currently the Director, Primary Markets at the Security Commission, and prior to this was Head of Regulation at the NZX, and a partner at Kensington Swan.

Mr Paterson is currently Executive Director, Fraud Investigation at Ernst Young, and prior to that has worked with PricewaterhouseCoopers, McCallum Petterson in New Zealand, and the Financial Services Authority and Ernst Young in the UK.

Mr Metcalfe has 20 years of law enforcement experience with the SFO and the Police, and is currently a Supervising Senior at the SFO.

Mr Feeley said the appointments were key to delivering on the SFO’s objectives and represent the conclusion of the office’s restructure.

“The first half of this year has been an extremely demanding one for SFO as we have implemented significant internal changes while also getting on top of numerous investigations. These appointments bring an impressive range of expert skills into the SFO, enabling us to deliver on our Statement of Intent.”

Mr Feeley said that in the past six months the SFO had completed 22 investigations; laid charges in respect of 6 cases; and secured convictions in 7 other matters.

“The work of the SFO is not a volume game, but rather a focus on top-end, complex financial crimes. With a new management team on board the SFO can now focus on investigating and prosecuting cases that go to the heart of investor confidence in our financial markets, and public confidence in the integrity of our legal system.”

Note to editors
The Serious Fraud Office (SFO) was established in 1990 under the Serious Fraud Act in response to the collapse of financial markets in New Zealand at that time.

The Statement of Intent 2010-2013 sets out the SFO’s three year strategy and goals for contributing towards the Government’s Justice and Economic Development goals. It is available online at:
http://www.sfo.govt.nz/Serious_Fraud_Office_files/SFO%20SOI%202010pdf

ENDS

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