The Financial Markets Authority (FMA) has lost another senior figure with the resignation of Kirsty Campbell, head of supervision.
Campbell, appointed to the role last June after joining the regulator in 2012, will leave the FMA at the end of this year as her original four-year contract expires, according to sources.
A lawyer by profession, Campbell began her regulatory career as FMA manager commercial supervision and compliance monitoring in January 2012. It is understood she is taking up a legal and compliance position with a private professional services firm.
Her departure follows a period of top-level turnover at the regulator with notable exits including Elaine Campbell, who resigned as FMA head of compliance this March to take on the legal counsel role at AMP.
Owen Gill and Diana Christensen, respectively directors of external communications, and, people and capability, also left the FMA this October after serving out fixed-term contracts.
At the same time, the FMA revealed its new managerial structure.
Meanwhile, the New Zealand Superannuation Fund (NZS) has hired Gabriel Gati to fill the new role of head of enterprise risk.
Gati took up the job this month, returning to his home country from Melbourne where he was previously commercial group principal with IFM Investors (the investment business owned by a collective of 30 Australian industry superannuation funds).
According to an NZS spokesperson, Gati will be responsible for “management of non-investment risk” across the almost $30 billion fund, including factors such as operational due diligence of external managers.
The NZS returned 5.4 per cent in October, pushing funds under management to $29.8 billion after slumping from above $30 billion to $28.1 billion in the previous month.
Also this month, AMP Capital NZ named internal candidate, Rebekah Swan, as head of distribution, replacing George Carter who resigned in September. Carter officially took up his new role as Nikko Asset Management NZ chief mid-November.
Swan boasts an almost 15-year career at AMP Capital, including the last six years as senior relationship manager. She will report to Craig Keary, AMP Capital head of Australia and NZ clients, and “work closely” with NZ chief, Grant Hassell.
“Rebekah has a compelling vision for how we can deliver an even better experience for clients in New Zealand and both Craig and I look forward to working with her to bring this vision to life,” Hassell said in a statement.
Swan is also involved in promoting socially responsible investment and chairs NZ Women in Super.
The $19 billion fund firm would hire a new relationship manager to replace Swan, the AMP Capital statement says.
Finally, Lloyd Wong, Public Trust senior client services manager, has resigned after almost 20 years with the government-owned trustee firm.
Wong joined Public Trust as company secretary in 1997, before establishing the group’s Auckland corporate trustee services office in 2002. According to the Public Trust website, he has “particular expertise in the funds management sector”.
Wong said he would take a break from the industry after finishing up with Public Trust in December.