Board and governance

Craig Stobo

Chairman, Audit and Risk Committee member, People, Performance and Renumeration Committee member

Craig 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 Ltd. His qualifications include a Bachelor of Arts, First Class Honours in Economics from Otago University, Advanced Management Programme from Wharton School of the University of Pennsylvania, and Associate Member CFA Society New Zealand. He is the former chief executive of BT Funds Management and has previously held a variety of director and chair roles, including AIG Insurance New Zealand, Precinct Properties Limited and Fliway Group Limited.

Current term expires May 2029.

Suzanne Chetwin, CNZM

Board member, People, Performance and Remuneration Committee Chair

Sue has more than 15 years’ experience working for and on behalf of consumers. She is a strong supporter of financial regulations that encourage innovation while protecting consumer interests. She is the former CEO of Consumer NZ and was a director of the Banking Ombudsman Scheme. She is on the board of Food Standards for Australia NZ and chairs the Grocery Action Group. She chairs the Elizabeth Fletcher Foundation, the investment vehicle which provides funding for the charity Share My Super. Last year she chaired an independent consumer panel assisting Chorus prepare its investment proposals to the Commerce Commission. She also chaired the Government Review into drug buying agency Pharmac. Her experience includes 25 years in journalism, including editing the Sunday Star Times and the Herald on Sunday. Sue holds a Bachelor of Laws.

Current term expires November 2025.

Prasanna Gai

Board Member, Audit and Risk Committee member

Prasanna is Professor of Macroeconomics at the University of Auckland and a member of the Monetary Policy Committee of the Reserve Bank of New Zealand. He was Special Adviser to the Governor of the Bank of Canada, Senior Adviser at the Bank of England, and Member of the Advisory Scientific Committee of the European Systemic Risk Board. Prasanna has also been Professor of Economics at the Australian National University and a Visiting Fellow of All Souls College, Oxford. He was educated at the Australian National University and Christ Church, Oxford.

Current term expires June 2028.

Christopher Swasbrook

Board Member

Christopher has more than 25 years’ experience in stockbroking and funds management. He is currently the Managing Director of Elevation Capital, Co Founder & Director of NZX-listed New Zealand Rural Land Company, Director of Bethunes Investments Limited and McCashin’s Brewery Limited. He is also Chair of the Auckland Future Fund and an Inaugural Member and currently Chair of the Auckland Art Gallery Toi o Tamaki Advisory Committee. He was previously a Partner at Goldman Sachs JBWere. Christopher holds a Bachelor of Commerce.

Current term expires August 2025.

Tracey Berry

Board Member

Tracey Berry is a consultant and financial services professional with 26 years’ experience in Wealth Management, Banking, KiwiSaver and Insurance. She is currently a partner at Mosaic FSI, as well as a member of the Board for the National Provident Fund. A former Chair of Nikko Asset Management, she was also a member of the Financial Advisers Disciplinary Committee for 13 years. During her career she has held senior or executive roles at a number of New Zealand’s largest banks.

Current term expires August 2029.

Nick Hegan

Board Member

Nick Hegan is an experienced financial services lawyer who has also worked as a trader in wholesale financial markets in New Zealand and offshore. He has sat on the NZ Markets Disciplinary Tribunal for more than ten years and was formerly Head of Legal at Forsyth Barr for eight years until 2022. A former Partner at Russell McVeagh, he was also Chair/Deputy Chair of the Securities Industry Association for five years.

Current term expires August 2029.

Mariette van Ryn

Board Member, Audit and Risk Committee member

Mariette van Ryn is an experienced director and former barrister and solicitor. For in excess of 30 years she has worked across all facets of financial services and regulation in executive, consulting and governance roles. A member of the FMA’s Establishment Board, she has more recently been a Special Division member of the NZ Markets Disciplinary Tribunal and is a former Director of Milford Asset Management where she was chair of the Risk & Audit Committee. She has also held executive and governance roles at Westpac and is a former partner and Board member of national law firm Simpson Grierson. Mariette has a particular interest in risk management, organisational redesign and productivity improvement. She continues to consult and hold board roles in other sectors.

Current term expires August 2029.

Steven Bardy

Board Member, Audit and Risk Committee Chair

Steven is a senior executive with extensive experience as a regulator and advisor in financial services, regulation, compliance and risk management. He consults to the World Bank and foreign governments and is a senior advisor to Principia Advisory, a European based global leader in ethics consulting. He was previously Managing Director of Promontory Australia and a senior executive at the Australian Securities and Investments Commission. He served as the inaugural chair of the Assessment Committee of IOSCO. He has also worked in the finance and tax practices of the Australian and US offices of an international law firm, held ministerial advisor positions in the Victorian Government and senior risk and compliance positions in an Australasian Bank, and consulted on strategy in both Australia and Europe.

Current term expires February 2027.