Page 22 - Annual Report 2019

19 ANNUAL REPORT 2019 BOARD OF DIRECTORS

Dr Jeffrey Carmichael
Board member
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Dr Carmichael was appointed as a member of the Regulatory
Authority Board in March 2012. He is Chairman of the Regulatory
Authority’s Audit and Risk Committee and is a member of the
Nominations and Remuneration Committee. Dr Carmichael
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 University, and appointment to a number of
government and private sector boards and inquiries, including
the Wallis Inquiry into the Australian financial system.