The New Zealand Financial Markets Authority has published statements confirming that Chief Executive Samantha Barrass will leave immediately and that her suspension has ended. Barrass had previously decided not to seek renewal of her term when it expired in January 2027. Alastair Hercus will serve as acting chief executive while the board continues its search for a permanent replacement over the coming months. The independent investigation commissioned by the FMA will be subsumed into the Ministry of Business, Innovation and Employment's investigation into workplace conduct and culture at the authority, led by Kristy McDonald KC.
2026-09-03New Zealand Financial Markets Authority
New Zealand's Financial Markets Authority confirms Samantha Barrass's immediate departure and names Alastair Hercus acting chief executive
New Zealand Financial Markets Authority Chief Executive Samantha Barrass will leave immediately, with her suspension ending. Alastair Hercus will serve as acting chief executive while the board seeks a permanent replacement, and the FMA-commissioned investigation will be absorbed into the ministry-led conduct and culture investigation.