“I’m surprised photos of such an indelicate nature haven’t burned their way through that thing you call a suit,” chortled Our Man At The Bar, pawing through the pile of tatty titbits.

David Mayhew has been appointed the new commissioner for financial advisers, Commerce Minister Simon Power announced today.

Simon Botherway and Mark Verbiest have also been appointed as new members of the Securities Commission.

"David Mayhew is a returning New Zealander who is recognised internationally as a leading practitioner in contentious financial services regulatory work. I'm pleased he'll be bringing this expertise back to New Zealand,” Mr Power said.