New chairman for FSC
The head of the banking and financial services group at Macquarie Bank, Peter Maher, was elected chairman of the Financial Services Council (FSC) at its annual general meeting.
Maher's election came as David Deverall retired as chairman after three years in the role.
The chief executive officer of Colonial First State, Brian Bissaker, was re-elected as deputy chairman, while AllianceBernstein's Australia and New Zealand chief, Michael Bargholz, replaced Maher as the other deputy chairman.
Maher said he would work with the council to “ensure the reforms deliver the best outcomes for consumers, without unnecessary regulation”.
Directors Harry Stout from ING Australia and Peter Promnitz from Mercer resigned from the board at the annual general meeting.
Geoff Summerhayes from Suncorp Life, and Equity Trustees’ Robin Burns have been appointed to fill the vacancies.
Other board members include Pauline Blight-Johnston, Brad Cooper, Greg Cooper, David Deverall, Warren Lee, Craig Meller, Steve Tucker, Ian Ward-Ambler and Maria Wilton.
Recommended for you
Lonsec Research and Ratings has appointed a head of sales, completing the leadership team to boost its reach with financial advisers.
Allianz Retire+ has announced major leadership changes with the appointment of a new CEO and distribution heads to help expand its presence across the wealth channel.
The RBA assistant governor (business services) is set to speak at the Women in Finance Summit 2025, taking place this November.
Momentum Media’s wealth publishing network is pleased to announce the launch of the annual Australian Wealth Management Summit 2025.
