Page 21 - Annual Report 2021 EN
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                                                                                                                                                                                                        Dr Jeffrey Carmichael

                                                                                                                                                                                                        Board member


                                                                                                                                                                                                        ——



                                                                                                                                                                                                        Dr Carmichael was appointed as a member of the QFCRA

                                                                                                                                                                                                        Board in March 2012. He is Chairman of the QFCRA’s Audit

                                                                                                                                                                                                        and Risk Committee and is a member of the Nominations and
                                                                                                                                                                                                        Remuneration Committee.  Dr Carmichael is the Practice Leader

                                                                                                                                                                                                        of Promontory APAC, a Business Unit of IBM Consulting. Prior

                                                                                                                                                                                                        to joining the Promontory Financial Group Australasia (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 University, and appointment to a number of

                                                                                                                                                                                                        government and private sector boards and inquiries, including
                                                                                                                                                                                                        the Wallis Inquiry into the Australian financial system.
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