FSI panel announced
Federal Treasurer Joe Hockey has announced four business members for the Financial System Inquiry advisory panel.
“The International Advisory Panel will provide an expert perspective to the Financial System Inquiry on aspects of the Terms of Reference including technological change, Australia’s global competitiveness and offshore regulatory frameworks,” he said.
Sir Michael Hintze, chief executive of global multi-strategy asset management firm CQS, will join the panel. Hintze previously held senior roles at CSFB and Goldman Sachs.
Head of private equity group at JC Flowers in Europe and Asia Pacific, Dr David Morgan, will also join the panel. He was previously the CEO of Westpac Banking Corporation and a deputy secretary of the Australian Treasury. He has also worked for the International Monetary Fund.
Also appointed to the panel is Jennifer Nason, who is the global chairman of technology, media and telecom investment banking at JP Morgan Chase. She has worked around the world on mergers, acquisitions, debt and equity financing and strategic advisory roles for technology, media and telecommunications companies.
The final member is formal central banker and financial regulator in Asia, Andrew Sheng. Sheng is the former president of the Fung Global Institute, a Hong Kong-based global think tank. He has held senior positions at the World Bank and the Hong Kong Monetary Authority.
Submissions can be made to the inquiry by 31 March.
AUTHOR
Malavika Santhebennur
Recommended for you
After a brutal month for adviser numbers, the net loss for June now stands at more than 100 advisers, but the financial year is still on track to end in positive territory.
Two advice platforms have been identified by Adviser Ratings as standouts for efficiency as time-pressured advisers become evermore fickle in their platform selection.
Private wealth manager Escala Partners has increased its alternatives allocations to more than a third in the past three years, describing the asset class as offering “fertile ground” for diversification.
The Financial Services Council has recommended implementing a per capita limit per annum for financial advisers when it comes to the CSLR levy to allow them to expand their business without levy uncertainty.
