New Zealand 'has conflict problem'
On Friday, it was announced that Ainsley McLaren had been appointed to the FMA board, on a five-year term. McLaren was previously acting head of business performance and strategy at Westpac Institutional Bank, and before that worked for BNZ, First State Investments and ASB.
She is one of a number of board members and executive management who have other connections to the industry.
On the board, Campbell Stuart, is a director and principal of Aspiring Asset Management. Mark Todd is co-founder of AML Solutions, a business that helps those who fall under the Anti-Money Laundering legislation comply with their obligations. He is also chair of Mint Asset Management. William Stevens is an adviser and director at Craigs Investment Partners. Vanessa Stoddart was this week appointed to the board of Heartland Bank.
Peter Neilson, former Associate Finance Minister and former chief executive of the Financial Services Council, said there was an inevitable problem in a country such as New Zealand.
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