The New Zealand Financial Markets Authority has announced that Chief Executive Samantha Barrass will not seek reappointment when her five-year term ends at the end of January 2027. The board said it will shortly begin the recruitment process for a successor, with the announcement made now to allow time for recruitment and transition. Barrass advised the board at the end of last year that she was unlikely to seek a further five-year term because of emerging family needs in the UK. She will remain in the role through the rest of her term and said she will support a smooth handover. The board said her tenure has included implementation of the Conduct of Financial Institutions regime and preparations for the authority to take on credit regulation.