The GC had been with the regulator for five years
Nick Kynoch, the GC for the Financial Markets Authority (FMA), has departed the regulator as of February.
The FMA confirmed that he would head to KiwiSaver provider Generate after five years with the regulator.
“Nick has made a superb contribution to the FMA over the past five years, leading the FMA’s teams in the areas of investigations, enforcement, policy, corporate legal and governance,” chief executive Rob Everett said.
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Kynoch joined the FMA in January 2016. As GC, he handled litigation and enforcement matters, as well as corporate legal, regulatory policy and the FMA’s governance.
Prior to his tenure with the regulator, Kynoch operated from London as the global head of contentious regulatory compliance and conduct risk for Barclays Bank PLC’s investment banking business. Thus, the FMA was able to benefit from his international view when it came to financial services regulation.
Everett said that Kynoch had been “a pleasure to work with,” and wished him the best in his new position.
“He has been invaluable to both me and the board,” Everett said.
Following Kynoch’s departure, Everett announced that FMA’s director of regulation, Liam Mason, would take on the role of acting GC while a replacement for Kynoch was determined.
Mason brings much securities law and corporate governance experience to the table. He has assisted on matters involving securities and financial services law and policy, Crown entity governance and legal compliance.