The New Zealand Financial Markets Authority announced a set of board changes, including the appointment of Steven Bardy as Deputy Chairperson and the addition of two new board members. The update also includes a reappointment and a resignation, alongside an acknowledgement of a recent end of term. Steven Bardy will serve as Deputy Chairperson from 1 January 2026 to 28 February 2027, when his current board term ends; he is an existing board member and Chair of the Audit and Risk Committee. Philip Doak and Alastair Hercus have been appointed as new board members from 1 January 2026 to 31 December 2030. Christopher Swasbrook has been reappointed for 23 December 2025 to 22 December 2030, while Prasanna Gai will resign effective 31 December 2025; the FMA also noted Sue Chetwin stepped down following completion of her term in November. The new appointments take effect from 1 January 2026, with Prasanna Gai’s resignation effective 31 December 2025 and Christopher Swasbrook’s renewed term running through 22 December 2030.
New Zealand Financial Markets Authority 2025-12-23
New Zealand Financial Markets Authority appoints Steven Bardy as deputy chair and refreshes board membership from January 2026
The New Zealand Financial Markets Authority announced board changes, appointing Steven Bardy as Deputy Chairperson and adding Philip Doak and Alastair Hercus as new members from 1 January 2026. Christopher Swasbrook was reappointed, Prasanna Gai will resign effective 31 December 2025, and Sue Chetwin recently stepped down.