Securities Institute bolsters National Council
By Craig Phillips
THE Securities Institute has extended the industry reach of its National Council with the appointment of Grant Samuel corporate adviser, Malcolm McComas.
McComas, who brings over 20 years of investment banking and legal expertise to the board, takes the number of council representatives to 11.
According to Securities Institute president Fred Grimwade, McComas’ addition to the council will help drive new opportunities for professional development programs across a broader market.
“McComas’ extensive knowledge of the sector will boost the council’s campaign to collaborate with like-minded organisations and raise standards right across our financial markets,” Grimwade says.
The council, which has at least 10 members at any one time, has a constitution ensuring it has one elected councillor from each state of Australia.
Grimwade says a new perspective on compliance and regulation is a timely boost to the group.
Before joining Grant Samuel, McComas was Salomon Smith Barney managing director and co-head of investment banking. Prior to this, he was County NatWest managing director and head of investment banking.
McComas also acts as a director on a number of external committees and associations including ION, Pharmaxis and the Kambala Foundation, and has been an associate of the Securities Institute since 1995 and a fellow since 1998.
Recommended for you
The month of April enjoyed four back-to-back weeks of growth in financial adviser numbers, with this past week seeing a net rise of five.
ASIC has permanently banned a former Perth adviser after he made “materially misleading” statements to induce investors.
The Financial Services and Credit Panel has made a written order to a relevant provider after it gave advice regarding non-concessional contributions.
With the election taking place on Saturday (3 May), Adviser Ratings examines how the two major parties could shape the advice industry in the future.
