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.
Recommended for you
Insignia Financial has issued a statement to the ASX regarding a potential bid from a third global private equity business to acquire the firm.
More than 30 advisers fell off the FAR during the Christmas and New Year period, according to Wealth Data, with half of these coming from licensee giant Entireti.
With next-generation heirs unlikely to retain their family’s financial advisers after receiving an inheritance, Capgemini has explored how firms can work with younger generations to maintain a relationship.
The use of technology and data analytics will be a way for advice firms to grow in 2025, according to Adviser Ratings, with those who are using it successfully reporting 10 per cent higher profit margins.