Craig Stobo named new FMA chair

One of Craig Stobo's former roles is chief executive of BT Funds Management. (Image: Supplied)

Fri, 17 May 2024

Craig Stobo has been named the new chair of the Financial Markets Authority (FMA).Stobo, who will serve a five-year term, takes over from Mark Todd, whose term ended last month.Stobo is a professional director with experience as a diplomat, economist, chief investment officer and chief executive. He is currently the chair of the Local Government Funding Agency and NZ Windfarms.Commerce and consumer affairs minister Andrew Bayly announced the appointment on Friday. “The FMA plays a crucial role ensuring the financial market is f...

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