Page 24 - Annual Report 2016 EN

| 24

Dr Jeffrey Carmichael
Board member

Dr Carmichael was appointed as a member of the Regulatory
Authority Board in March 2012 and is a member of the Regulatory
Authority’s Nominations and Remuneration Committee. He is the
Chief Executive Officer of Promontory Financial Group Australasia
(PFGA), an IBM company. Prior to joining PFGA, Dr Carmichael
worked as a company director and consultant to the World Bank,
the Asian Development Bank and a number of governments on
issues relating to regulatory structure, design and effectiveness,
debt management and training. Until June 2003, Dr Carmichael
was the inaugural Chairman of the Australian Prudential Regulation
Authority (APRA), with responsibility for regulating and supervising
banks, insurance companies and pension funds. Dr Carmichael’s
career includes senior positions in a 20-year career with the Reserve
Bank of Australia, seven years as Professor of Finance at Bond Uni-
versity, and appointment to a number of government and private
sector boards and inquiries, including the Wallis Inquiry into the
Australian financial system.