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
ASIC has cancelled a Sydney AFSL for failing to pay a $64k AFCA determination relating to inappropriate advice which then had to be paid by the CSLR.
A former Brisbane financial adviser has been charged with 26 counts of dishonest conduct regarding a failure to disclose he would receive substantial commission payments for investments.
Inefficient data processes and systems mean advisers are spending over half of their time on product implementation and administration at the expense of clients, according to research.
With the regulator announcing its enforcement focus for 2025 last week, law firm Hall & Wilcox examines the areas which have dropped down the list in priority for the regulator.