FMA to look for new CEO

The Financial Markets Authority Chief Executive Samantha Barrass will not seek re-appointment when her five-year term ends in January 2027.

FMA Acting Board Chair Steven Bardy said Barrass had advised the Board at the end of last year that she was unlikely to seek a further five-year term, due to emerging family needs in the UK. Since then, the Board has been preparing the recruitment process for the Chief Executive for a new term.

Bardy said the Board was grateful for Barrass’ leadership over the past four and a half years, and for her continued commitment to the FMA through the remainder of her term.

“Samantha has provided strong leadership through a period of significant expansion for the FMA, including the implementation of the Conduct of Financial Institutions regime. Her regulatory experience has been invaluable as the FMA has navigated a challenging global environment and prepared to take on credit regulation,” Bardy said.