New Zealand's Financial Markets Authority (FMA) Chair Mr James Miller has advised that Chief Executive Ms Samantha Barrass, has confirmed to the board her earlier decision that she does not seek a renewal of her term when it expires in January 2027.
She has also advised that she will travel back to the UK where her elderly father has been admitted to hospital, and she will then stay on for a governance course she is scheduled to attend. In those circumstances, the board has agreed that Ms Barrass will leave her role, and that her suspension ends.
According to news platform 1News, Ms Barrass was suspended by the FMA amid cultural concerns, and an investigation was commissioned by the Ministry of Business, Innovation and Employment.
In the FMA’s statement, it was noted that the independent investigation being undertaken by Paul Wicks KC will be subsumed by the investigation commissioned by the ministry.