Angela Nash and Chris Gudgeon will add depth and further skills to the boards, says chair.
The New Zealand Banking Association rotates the role every two years.
Ed McGimpsey is now a partner in its Auckland property and construction team.
Rhys Jones was most recently managing director of Vulcan Steel.
Samira Taghavi takes over the role from Julie-Anne Kincade KC, who will continue to work with The Law Association as a council member.
Simon Hoole will take over the role from May 1.
The former PM says he is looking forward to helping New Zealand companies participate more effectively in the global economy.
Former Wrightson and TelstraClear executive joins the regulator in May.
Annabelle Russell joins the newsletter platform from TikTok.