APRA announces executive changes
The Australian Prudential Regulation Authority (APRA) has appointed the current executive director, cross-industry insights and data (CID), Sean Carmody, as executive director, insurance, replacing Brandon Khoo.
Meanwhile, Khoo would step into the role of executive director, cross-industry insights and data, replacing Carmody.
In their new roles, Carmody would assume responsibility for the day-to-day supervision of regulated entities within the general, life and private health insurance industries, while Khoo would oversee a number of APRA’s specialist supervisory teams and drive APRA’s on-going investment in its data and analytical capabilities.
Carmody and Khoo would formally commence in their new roles on 4 April, 2022 and both would report to APRA deputy chair, Helen Rowell.
In addition, APRA general counsel, Warren Scott, would be retiring after 13 years at APRA. From 15 April, current general manager, legal, and deputy general counsel, Lucinda McCann, would become APRA general counsel.
Finally, APRA had appointed Sharon Burns as its new chief financial officer. Burns would take up duties in late April.
APRA chair, Wayne Byres, said: “I am pleased to be able to announce each of these new appointments, which are reflective of the strong leadership team APRA is fortunate to have.
“I would also like to acknowledge and thank Warren Scott for his very significant contribution to APRA over more than a decade.”
AUTHOR
Liam Cormican
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