APRA welcomes new member
Federal Treasurer Peter Costello has announced the appointment of John Trowbridge as a member of the Australian Prudential Regulation Authority (APRA).
Previously, Trowbridge was a director of Munich Reinsurance in Australia and group executive for general insurance at Suncorp Metway.
He founded Trowbridge Consulting in 1981, and guided it over 20 years to become a leading Australian actuarial and management consulting firm.
His role at APRA is for a three-year term. Trowbridge replaces Stephen Somogyi, whose three-year appointment ends on June 30.
Recommended for you
ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test.
Quarterly Wealth Data analysis has uncovered positive improvements in financial adviser numbers compared with losses in the prior corresponding period.
Holding portfolios that are too complex or personalised can be a detractor for acquirers of financial advice firms as they require too much effort to maintain post-acquisition.
As the financial advice profession continues to wait on further DBFO legislation, industry commentators have encouraged advisers to act now in driving practice efficiency.
