APRA EU for Trio Capital's John Godfrey
Financial services identity and former Trio Capital director John Godfrey has entered into an enforceable undertaking with the Australian Prudential Regulation Authority (APRA).
The regulator announced the arrangement today, saying Godfrey had been a non-executive director of Trio from February 2005 until June 2007, and had also been chairman of the board from June 2005 to February 2007.
APRA said Godfrey had undertaken not to act as a trustee or as a responsible officer of a body corporate that is a trustee, investment manager or custodian of an APRA-regulated superannuation entity without obtaining the regulator's prior written consent.
It said that Godfrey, aged 68, had acknowledged he had no present or foreseeable intention to request APRA's consent to return to these senior roles in the superannuation industry.
The APRA announcement said Godfrey had acknowledged the regulator's concerns that he had failed to carry out his duties properly as a director of a superannuation trustee.
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