The Australian Prudential Regulation Authority (APRA) has announced two key senior executive appointments.
The regulator announced that the appointment of the two executive general managers (EGMs) to the senior executive team completed APRA’s transition to a new organisation structure which would come into effect from 1 July, this year.
It said current APRA chief risk officer, Ben Gully had been appointed to the role of EGM, Specialised Institutions Division, while Sean Carmody had been appointed to the newly-created role of EGM, Risk and Analytics Division.
The announcement said Gully joined APRA around two years ago, having previously held senior roles at the Office of Superintendent of Financial Institutions (OSFI) in Canada, where he was the head of large bank supervision and played a lead role in developing OSFI’s supervisory practices, quality assurance, and risk management and analytics. Prior to his 15 years at OSFI, Gully worked in the Financial Stability area of the Bank of England.
Carmody currently heads Westpac’s Risk Analytics and Insights function, which is responsible for the bank’s analytical work in relation to market risk, liquidity risk, stress testing, and its credit, operational and capital models.
