New Zealand FMA appoints Margot Gatland as Head of Enforcement

Rick Steves

“Given the importance of enforcement at the FMA, we wanted to test the market to ensure we appointed the best person to the role.”

The Financial Markets Authority (FMA), New Zealand’s financial watchdog, has confirmed the appointment of Margot Gatland as its new Head of Enforcement.

Margot Gatland joined the FMA in December 2017 as a senior solicitor. She already led a number of successful FMA prosecutions and was most recently Acting Head of Enforcement at the FMA.

The litigation lawyer’s past work experience includes jobs in New Zealand and the United Kingom, having worked at the Serious Fraud Office, Meredith Connell, commercial firms, and in government.

Liam Mason, FMA General Counsel, said: “Margot Gatland has been confirmed as our new Head of Enforcement after an extensive local and international search. This is a crucial role, responsible for leading all the FMA’s work to enforce the law and prosecute misconduct.

“Given the importance of enforcement at the FMA, we wanted to test the market to ensure we appointed the best person to the role. We received a high level of interest from both local and overseas candidates. The interest in the role reflects the high regard in which the FMA is held, and we’re delighted that we have the right skills and experience inside the FMA with Margot.”

FMA appointed Samantha Barrass as CEO in January 2022

The New Zealand regulator appointed experienced international regulator Samantha Barrass as its new Chief Executive in January 2022 after announcing the hire in September 2021.

FMA Chair Mark Todd said Ms. Barrass has a strong New Zealand connection and brings deep international regulatory experience and leadership skills to the role.

She has worked in a range of regulatory and executive roles in the UK and Europe. Between 2014 and 2019, Ms. Barrass was the Chief Executive Officer of the financial regulator in Gibraltar. The role encompassed conduct and prudential regulatory oversight. Earlier in her career, she worked for nine years in a number of roles at the Financial Services Authority in the UK (now the Financial Conduct Authority).

Most recently, Ms. Barrass led the establishment of the UK’s Business Banking Resolution Service, an innovative service designed to resolve disputes between banks and their business customers. She has also held senior roles at the UK Solicitors Regulatory Authority and the London Investment Banking Association.

After graduating in economics from the University of Canterbury in Christchurch and completing post-graduate study at Victoria University of Wellington, Ms. Barrass began her career as an economist at the Reserve Bank of New Zealand. She then moved to the UK to attend the London School of Economics, where she was awarded an MSc.

 

Read this next

Industry News

CFTC comments on ION Cleared Derivatives issues after Russian-linked hack

“The ongoing issue is impacting some clearing members’ ability to provide the CFTC with timely and accurate data. As this incident unfolded, it became clear that the submission of data that is required by registrants will be delayed until the trading issues are resolved.”

Industry News

FCA took down 14 times more misleading ads in 2022 thanks to technology

The FCA has made significant improvements to the digital tools it uses to find problem firms and misleading adverts. These improvements have enabled it to work through a much larger number of cases compared with 2021.

Executive Moves

HKEX appoints ex-Goldman Sachs Matthew Cheong to lead platform’s focus on derivatives

“He has worked for a number of the world’s leading investment banks and his experience will be invaluable to HKEX as we continue to enhance our derivatives product offerings and build on our innovative and robust platform business, connecting capital with opportunities.”

Digital Assets

Zodia Custody and SBI Digital Asset Holdings launch JV for crypto asset custodian in Japan

“Zodia Custody is both proud and excited to be working with SBI DAH to help set up SBI Zodia Custody; the first tier 1 crypto asset custodian for institutions in Japan.”

Digital Assets

Paxos opens R&D center in Israel to focus on transaction signing and crypto custody security

“Paxos is looking to expand its team in Israel in 2023 and beyond, giving engineers the opportunity to work on cutting-edge financial products and shape the future of the global economy.”

Executive Moves

Stash appoints Liza Landsman as CEO to further grow investing app

Stash is an investing and banking app with over 2 million active subscribers. Its subscription plans start at just $3 a month, and offer a range of products including investing, banking, education, and advice.

Institutional FX

Invast Global ramps up its offering with 10 soft commodity CFDs

Sydney-based prime-of-prime provider Invast Global has expanded its offering with the addition of ten soft commodity CFDs, which increases their index and commodity CFD offering to 35 instruments.

Retail FX

FF Simple and Smart Trades says Goodbye to CySEC authorization

The Cyprus Securities and Exchange Commission (CySEC) confirmed that it has wholly withdrawn the Cyprus Investment Firm (CIF) licenses of FF Simple and Smart Trades Investment Services Ltd.

Crypto Insider

Shining the Light in Crypto’s Dark Places

Something changed in regulators’ minds after the November crash of the FTX crypto exchange.

<