The FMA’s Director of Supervision, James Greig (pictured), is to lead the monitoring and supervision of financial advice at the regulator, now the new financial advice regime is in place.
Since joining the FMA in 2016 Greig has led the team that’s responsible for the monitoring and supervision of managed investment schemes, supervisors, custodians, derivatives issuers and financial advice.
Greig has recently been appointed to the FMA’s executive committee and has reported directly to CEO Rob Everett since 2020.
Everett, who is due to leave the top job in September, says: “James is already making a great contribution to the FMA’s leadership as we ready ourselves for a significant expansion in our remit. In particular, we are now implementing the new regime for financial advice which came into force earlier this week (Monday March 15).
“In other areas, James has proven himself an effective leader and played a major role both in our response to the Covid-19 pandemic and in the Culture & Conduct reviews into banking and life insurance in 2018.”
Michael Hewes has been appointed as the FMA’s Head of Financial Advice, within its supervision team, and will report directly to Greig.