FSC and FOS appoint new Code chair
The Financial Services Council (FSC) and the Financial Ombudsman Service (FOS) have jointly appointed a former Australian Securities Exchange chief risk officer, Anne Brown to chair the Life Code Compliance Committee (LCCC), the independent body responsible for administering the FSC Life Insurance Code of Practice.
As well as her former ASX role, Brown was also general manager of risk and compliance at the Sydney Futures Exchange prior to which she held senior auditing roles with both KPMG in Sydney and the UK.
According to the appointment announcement, Brown has also been a chair and an executive committee member of CCP12, the not-for-profit industry association for major international clearing houses, and a non-executive director for the Australian Design Alliance. She is currently a non-executive director of the Clean Energy Regulator and is a member of ASIC’s Markets Disciplinary Panel (MDP).
The LCCC is the independent body responsible for ensuring member compliance with the FSC Life Insurance Code of Practice and will be administered by the FOS and comprise a representative from industry, a consumer representative and the independent chair.
Brown takes over the LCCC chair responsibilities from Professor David Weisbrot, who stepped down in November. The other members of the committee are David Goodsall, a 30-year veteran of the financial services industry, and Alexandra Kelly, the principal solicitor of the NSW-based Financial Rights Legal Centre.
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