11 Sep 2013

New head for Serious Fraud Office

1:00 pm on 11 September 2013

The State Services Commissioner says he has appointed lawyer Julie Read as the next chief executive of the Serious Fraud Office.

Ian Rennie says Australian-born Ms Read has 20 years experience as a litigator, including 10 years with the Australian Securities and Investment Commission holding senior executive roles.

She is currently the Australian commission's special counsel in its chief legal office.

Mr Rennie says Ms Read has significant experience at executive level managing work very similar to that of the SFO.

The SFO is based in Auckland and has about 50 staff. It is responsible for detecting, investigating and prosecuting serious and complex financial crime, bribery and corruption.

Mr Rennie says New Zealanders and people investing in this country need to be assured that fraud and corruption will not be tolerated.

Ms Read has been appointed for a three-year term and will take up her role on 21 October.

Simon McArley has been the SFO's acting chief executive since Adam Feeley left last year.