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Dr Jeffrey Carmichael

Board member

——

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.

T ABLE OF C ONTENT S