Ralph and Cameron join forces in governance
FormerInvestment and Financial Services Association (IFSA) chief executive Lynn Ralph has joined with the former chair of the Australian Securities and Investments Commission (ASIC), Alan Cameron, to open an independent corporate governance assessment company.
Ralph, who handed over the reins of IFSA to Richard Gilbert in August, will be joint managing director of the new group, to be called Cameron Ralph, while Cameron will act as chairman.
The pair were previously colleagues at ASIC, where Ralph held the role of deputy chair under Cameron.
Cameron Ralph will act as a performance assessment firm for companies and government authorities to examine the performance of their boards.
Ralph says that the assessment will provide boards with an independent opinion of their current operations and guidance on where improvements might be made.
According to Ralph, the firm will use in-depth questionnaires and interviews with the board and other executives to compile the report, rather than relying solely on publicly available information.
Two other partners in the firm, Daryl Hawkey and Phil Khoury, are also former colleagues of Ralph’s. Hawkey, an IFSA board member and executive director of Sagitta Wealth Management, will step into a part-time role at Cameron Ralph after retiring from the fund manager this year.
Khoury was ASIC’s chief operating officer during Ralph’s tenure as deputy chair and will head the firm’s Melbourne office as joint managing director, with Ralph taking charge of the Sydney office.
Recommended for you
ASIC has launched court proceeding against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
Having peaked at more than 40 per cent growth since the first M&A bid, Insignia Financial shares have returned to earth six months later as the company awaits a final decision from CC Capital.
