FSI panel announced
Federal Treasurer Joe Hockey has announced four business members for the Financial System Inquiry advisory panel.
“The International Advisory Panel will provide an expert perspective to the Financial System Inquiry on aspects of the Terms of Reference including technological change, Australia’s global competitiveness and offshore regulatory frameworks,” he said.
Sir Michael Hintze, chief executive of global multi-strategy asset management firm CQS, will join the panel. Hintze previously held senior roles at CSFB and Goldman Sachs.
Head of private equity group at JC Flowers in Europe and Asia Pacific, Dr David Morgan, will also join the panel. He was previously the CEO of Westpac Banking Corporation and a deputy secretary of the Australian Treasury. He has also worked for the International Monetary Fund.
Also appointed to the panel is Jennifer Nason, who is the global chairman of technology, media and telecom investment banking at JP Morgan Chase. She has worked around the world on mergers, acquisitions, debt and equity financing and strategic advisory roles for technology, media and telecommunications companies.
The final member is formal central banker and financial regulator in Asia, Andrew Sheng. Sheng is the former president of the Fung Global Institute, a Hong Kong-based global think tank. He has held senior positions at the World Bank and the Hong Kong Monetary Authority.
Submissions can be made to the inquiry by 31 March.
AUTHOR
Malavika Santhebennur
Recommended for you
With Insignia shares up 32 per cent in the past month and the firm enacting a five-year growth plan, Morningstar believes the two recent acquisition bids from private equity firms demonstrate the company is undervalued.
As financial advisers enter the new year, Assured Support shares eight strategies to help advice businesses thrive through focused and consistent planning.
Insignia Financial has received a takeover bid from a second US firm, topping Bain Capital’s offer with a bid of $4.30 per share.
As the year comes to an end, Money Management takes a look at the biggest announcements that shocked the financial advice industry in 2024.
