One of the people front and centre for the Federal Treasury in negotiating the Future of Financial Advice (FOFA) legislation has been appointed as chief of staff to the Prime Minister, Kevin Rudd.
The Prime Minister's office has announced that the deputy secretary of the Treasury in charge of Financial Services, Jim Murphy, has taken up the chief of staff position.
Murphy, as executive director of the Treasury's Markets group, distinguished himself as one of the lead negotiators for the department in its consultations around the development of the FOFA legislation.
Industry spokesmen noted the appointment and said they welcomed the level of financial services understanding Murphy would take to the role.
