8 August, 2002 Media Statement
Securities Commission Appointments
Commerce Minister Paul Swain has announced two one-year re-appointments to the Securities Commission. The re-appointees
are:
Michael Webb
Mr Webb is a commercial barrister specialising in corporate, banking and securities law. Prior to his move to the Bar in
1995, he was a partner with a major New Zealand law firm. Mr Webb has extensive legal experience in capital markets and
corporate financing, corporate and securities law, insurance, superannunation, collective investment schemes, funds
management, insolvency, statutory management, financial restructuring, public policy and banking issues. Mr Webb has
acted as interim chairman and deputised for the chairman of the Commission. Mr Webb is a member of the Pacific Economic
Co-operation Council Financial Markets Development Project Group and a director of Fulton Hogan Ltd and Tower Trust
Group. In his professional capacity he is joint convenor of the New Zealand Law Society / Institute of Chartered
Accountants of New Zealand Joint Insolvency Committee.
Lloyd Kavanagh
Mr Kavanagh, a barrister and solicitor, was first appointed to the Commission in August 1999. He is the General Counsel
for New Zealand Milk, part of Fonterra Co-operative Group Limited, and immediately before that, was the Corporate
Secretary/Global Manager, Legal & Secretariat for the New Zealand Dairy Board. In those roles, he has been heavily involved in the dairy sector reforms
over the last four years, as well as a broad range of New Zealand and international corporate and commercial legal
matters. Until April 1998 he was a partner with Russell McVeagh specialising in banking and finance, derivatives,
securities, superannuation, unit trusts, and funds management. Prior to 1990, he spent three years in a major London
firm practising in international capital markets. Mr Kavanagh’s articles on securities and securities law have been
published in banking journals in New Zealand and overseas.
ENDS
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