A memorable appearance

Outsider/ASIC/Joe-Longo/Cathie-Armour/

26 November 2021
| By Outsider |
image
image image
expand image

Appearing before the Senate economics committee via video link with all the associated technical difficulties and political grilling must be a nerve-wracking experience, Outsider can imagine, but it surely can’t be helpful or reassuring for you if the committee cannot remember your name. 

While ASIC chair, Joe Longo, and commissioner, Cathie Armour, are regulars before the committee, Dr Rhys Bollen, has made fewer appearances at the hearings. 

Bollen, who is senior executive leader for insurers, was speaking before the committee on the topic of the collapse of the Sterling Income Trust but not once, but twice, the committee forgot his name. 

Outsider sympathises with the committee, he too sometimes forgets the names of men in financial services. They are not exactly a diverse group of people even if they are a very successful group of people. Going with ‘John’ is usually a pretty safe bet, given at one point there were 32 ASX CEOs hailing by that name. 

Luckily, the committee are in good company at being forgetful, even US President Joe Biden cannot remember the name of his Australian counterpart, describing the Prime Minister as “that fella down under” at the recent AUKUS naval summit.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...

2 months ago

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

2 months 3 weeks ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

3 months ago

BlackRock Australia plans to launch a Bitcoin ETF later this month, wrapping the firm’s US-listed version which is US$85 billion in size....

4 days 12 hours ago

ASIC has banned a Melbourne-based financial adviser for eight years over false and misleading statements regarding clients’ superannuation investments....

2 weeks 4 days ago

ASIC has banned a Melbourne-based financial adviser who gave inappropriate advice to his clients including false and misleading Statements of Advice....

2 weeks 2 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
moneymanagement logo