APRA welcomes new member
Federal Treasurer Peter Costello has announced the appointment of John Trowbridge as a member of the Australian Prudential Regulation Authority (APRA).
Previously, Trowbridge was a director of Munich Reinsurance in Australia and group executive for general insurance at Suncorp Metway.
He founded Trowbridge Consulting in 1981, and guided it over 20 years to become a leading Australian actuarial and management consulting firm.
His role at APRA is for a three-year term. Trowbridge replaces Stephen Somogyi, whose three-year appointment ends on June 30.
Recommended for you
Unregistered managed investment scheme operator Chris Marco has been sentenced after being found guilty of 43 fraud charges, receiving the highest sentence imposed by an Australian court regarding an ASIC criminal investigation.
ASIC has cancelled the AFSL of Sydney-based Arrumar Private after it failed to comply with the conditions of its licence.
Two investment advisory research houses have announced a merger to form a combined entity under the name Delta Portfolios.
The top five licensees are demonstrating a “strong recovery” from losses in the first half of the year, and the gap is narrowing between their respective adviser numbers.
