Rob Everett leaving Financial Markets Authority

Financial Markets Authority chief executive Rob Everett has resigned, and the search begun for his replacement.
Everett has been chief executive of the financial services watchdog since 2014.

Alongside Reserve Bank govenor Adrian Orr, Everett led conduct and culture reviews of the big banks and insurance companies, prompted by financial scandals involving their parent companies in Australia.

FMA chairman Mark Todd said Everett had done an outstanding job and led a national discussion around the need for conduct regulation in financial services.

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Rob has been, and will continue to be, a truly outstanding leader of the FMA, who will leave a lasting legacy. He has the greatest respect both within the FMA and among our many stakeholders, said Todd.

The search for his replacement had begun, Todd said.

Financial Markets Authority chief executive Rob Everett.

Everett, an Englishman who was recruited in an international search, would leave the FMA on September 30, but could stay longer, if it was needed to ensure a smooth transition.

While we are naturally disappointed that Rob will be leaving us, we recognise that, after seven years in the role, he is ready for a well-deserved break and a change, said Todd.

Looking ahead, the FMAs regulatory remit is expanding with the implementation of financial adviser reforms and the introduction of new legislation to provide for the regulation of conduct for banks and insurers. The timing of Robs departure creates an opportunity for the next chief executive to advance this work, Todd said.

Everett said he had not made any decisions about his next role.


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