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
With the final tally for FY25 now confirmed, how many advisers left during the financial year and how does it compare to the previous year?
HUB24 has appointed Matt Willis from Vanguard as an executive general manager of platform growth to strengthen the platform’s relationships with industry stakeholders.
Investment manager Drummond Capital Partners has announced a raft of adviser-focused updates, including a practice growth division, relaunched manager research capabilities, and a passive model portfolio suite.
When it comes to M&A activity, the share of financial buyers such as private equity firms in Australia fell from 67 per cent to 12 per cent in the last financial year.
