Hanrahan appointed ASIC's regional commissioner for Queensland
Dr Pamela Hanrahan has been confirmed as the Australian Securities and Investments Commission’s (ASIC’s) newly appointed regional commissioner for Queensland. She succeeds Maree Blake, who has held the post since 2008.
Hanrahan joined ASIC in November 2008 as senior executive leader for investment managers, and was responsible for the regulation of Australia’s managed investments sector. Prior to that, she was deputy director of the Centre for Corporate Law and Securities Regulation at the University of Melbourne and also worked as a senior lawyer in private practice with Allens Arthur Robinson.
The announcement follows a restructuring shake up at ASIC and comes not long after Delia Rickard took on responsibility for the supervision of financial advisers in addition to her post as senior executive leader for financial literacy, consumers and retail investors. Further changes saw Gerard Fitzpatrick take control of the newly merged portfolio for investment managers and superannuation funds.
AUTHOR
Angela Faherty
Recommended for you
Sequoia Financial Group has announced it is selling off its Informed Investor subsidiary which it acquired in April 2022.
Wealth Data has examined which advice business model has seen the most growth since the start of the year including those that offer holistic advice.
Research conducted by Elixir Consulting and Lonsec has quantified the efficiency gains of using managed accounts in financial advice practices in hours per week saved.
With only one-quarter of advice practices actively seeking feedback from clients, the Financial Advice Association Australia has emphasised why this is a critical tool for client retention.
