The Governor-General on the advice of the Minister of Commerce and Consumer Affairs has appointed Steven Bardy as Deputy Chairperson of the Financial Markets Authority - Te Mana Tātai Hokohoko.
Mr Bardy has been appointed from 1 January 2026 to 28 February 2027, when his current term on the Board ends.
Mr Bardy has extensive experience as a regulator and adviser in financial services, regulation, compliance and risk management.
The FMA also welcomes two new members onto its Board.
Philip Doak and Alastair Hercus have been appointed by the Governor-General from 1 January 2026 to 31 December 2030. Biographies of these new Board members are below.
Board member Christopher Swasbrook has been reappointed for the period 23 December 2025 to 22 December 2030. Mr Swasbrook has served on the FMA Board since 2019.
Board member Prasanna Gai has resigned from the Board with effect from 31 December 2025. Mr Gai has served on the FMA Board since 2018.
The FMA acknowledges with thanks the work of Mr Gai and Board Member Sue Chetwin, who has stepped down from the Board following completion of her term in November this year.
