Ralph and Cameron join forces in governance
FormerInvestment and Financial Services Association (IFSA) chief executive Lynn Ralph has joined with the former chair of the Australian Securities and Investments Commission (ASIC), Alan Cameron, to open an independent corporate governance assessment company.
Ralph, who handed over the reins of IFSA to Richard Gilbert in August, will be joint managing director of the new group, to be called Cameron Ralph, while Cameron will act as chairman.
The pair were previously colleagues at ASIC, where Ralph held the role of deputy chair under Cameron.
Cameron Ralph will act as a performance assessment firm for companies and government authorities to examine the performance of their boards.
Ralph says that the assessment will provide boards with an independent opinion of their current operations and guidance on where improvements might be made.
According to Ralph, the firm will use in-depth questionnaires and interviews with the board and other executives to compile the report, rather than relying solely on publicly available information.
Two other partners in the firm, Daryl Hawkey and Phil Khoury, are also former colleagues of Ralph’s. Hawkey, an IFSA board member and executive director of Sagitta Wealth Management, will step into a part-time role at Cameron Ralph after retiring from the fund manager this year.
Khoury was ASIC’s chief operating officer during Ralph’s tenure as deputy chair and will head the firm’s Melbourne office as joint managing director, with Ralph taking charge of the Sydney office.
Recommended for you
David Sipina has been sentenced to three years under an intensive correction order for his role in the unlicensed Courtenay House financial services.
As AFSLs endeavour to meet their breach reporting obligations, a legal expert has emphasised why robust documentation will prove fruitful, particularly in the face of potential regulatory investigations.
Betashares has named the top Australian suburbs with the highest spare cash flow, shining a light on where financial advisers could eye out potential clients.
A relevant provider has received a written direction from the Financial Services and Credit Panel after a superannuation rollover resulted in tax bill of over $200,000 for a client.