Hon Craig Foss
Minister of Commerce
23 April 2013
Simon Allen reappointed Chair of FMA
Commerce Minister Craig Foss has welcomed the reappointment of Simon Allen as Chair of the Financial Markets Authority
(FMA).
“I am delighted Mr Allen has been reappointed. He has been very successful in guiding the FMA through its initial period
of operation since 1 May 2011.
“Over this time, the FMA has gained credibility from the public and the industry and has delivered on its role of
rebuilding confidence in our financial markets following the global financial crisis.
“Mr Allen is highly-regarded across both Government and the industry. With more than 25 years’ experience in financial
markets management and senior governance roles, he has the right credentials to ensure that the FMA continues to be an
effective financial sector regulator,” says Mr Foss.
Mr Allen has been reappointed for an eighteen-month term, commencing 1 May 2013.
Further information on the Financial Markets Authority can be located at: http://www.fma.govt.nz/
Background
Simon Allen is the current Chair of Crown Fibre Holdings Limited and Auckland Council Investments Limited. He is Deputy
Chair of St Cuthbert’s College in Auckland and director of Snowvision Charitable Trust. Previously, he was also the
Chair of NZX Limited from 2001 to 2008.
The FMA is an independent Crown entity established under the Financial Markets Authority Act 2011. It enforces
securities, financial reporting, and company law as they apply to financial services and securities markets. It is the
primary regulator for securities exchanges, financial advisers and brokers, and trustees and issuers – including issuers
of KiwiSaver and superannuation schemes. The FMA’s main objective is to promote and facilitate the development of fair,
efficient and transparent financial markets.
ENDS