Paul Gregory to leave FMA

Another former NZ Superannuation staffer joins ANZ Investments in a senior role.

Friday, December 22nd 2023, 10:41AM

Paul Gregory is leaving the Financial Markets Authority to become the new head of investment partnerships for ANZ Investments, reporting to the chief investment officer.

ANZ's new CIO is George Crosby and both he and Gregory worked at NZ Super, as did ANZ Investments managing director Fiona Mackenzie

At the FMA Gregory led the regulatory approach to the retail investment management sector including KiwiSaver and, currently as the executive director, response and enforcement, for tackling misconduct across the financial sector.

In keeping with the FMA’s standard conflicts of interest protocols, Gregory has stood down, effectively immediately, from involvement in any regulatory work of the FMA. Executive director for evaluation and oversight, and general counsel, Liam Mason, takes on Gregory's role in an acting capacity.

As head of investment partnerships, Gregory will be accountable for building strong and enduring investment partnerships with ANZ's external global partners, both current and future.

"As we previously announced in August, we are currently working through how possible partnerships with two global firms could help us deliver customer outcomes and position our business for growth," Mackenzie says. "To ensure we stay competitive and continue to meet the changing needs of our customers, our business model needs to continue to adapt and evolve."

Gregory will be a member of the investment management leadership team and report to the CIO.

“I have known Paul for a long time given we worked together for the Guardians of the NZ Superannuation Fund," Mackenzie says. "He has deep expertise building and maintaining strong investment partnerships as a critical part of delivering customer outcomes."

“It’s an exciting time for Paul to join ANZ Investments as we continue to explore possible global partnerships that will position us for growth of our KiwiSaver schemes and investment funds,” Mackenzie said in a statement.

Gregory will start the role early in the second quarter of calendar 2024.

Tags: ANZ