Botica to depart FMA
One of the FMA faces familiar to financial advisers is leaving the regulator. Plus IRD deputy commission joins FMA in newly created role.
Wednesday, February 1st 2023, 8:06AM
John Botica who has fronted much of the financial adviser changes for the FMA is heading off for retirement.
He will leave the FMA in June. Botica first joined the FMA in 2013 and has held several leadership roles during his tenure, in particular leading the FMA’s focus on market engagement. Currently he is director of market engagement, and director of regulation and operations.
FMA chief executive Samantha Barrass said the board and I want to acknowledge John’s significant contribution to the FMA.
His experience and knowledge was instrumental in our successful implementation of the new financial advice regime. He is well-known and highly regarded in the industry."
Meanwhile, the FMA has appointed Sharon Thompson to its newly formed enterprise leadership team as executive director – transformation and operational delivery.
Thompson has extensive, senior leadership experience in the New Zealand public sector and financial services industry. She joins the FMA from Inland Revenue, where she was deputy commissioner for the customer and compliance services (individuals) group. She led the IRD’s large, customer-facing teams through the organisation’s multi-year business transformation, including digital technology, business process, capability uplift, structural and culture change.
Prior to Inland Revenue, Thompson held senior roles at ASB Bank and Westpac.
Thompson will provide strategic direction to the FMA’s operations and capability functions, including technical operations, project management, data engineering, IT security and architecture, customer relationship management, knowledge management, business improvement, people and capability, finance, business support and transformation.
FMA chief executive Samantha Barrass said: “Sharon is an exceptional appointment for the FMA as she has a strong experience leading enterprise level organisations in both the public and private sector, through operational transformation. Sharon’s focus on driving improved customer outcomes and employee engagement will ensure the FMA is well supported in its key enabling functions. Sharon will ensure the FMA is well placed to deliver to the expanding needs of both our people and stakeholders.”
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