24 March 2014
Media Release - #2014009, 2014

Financial System Inquiry

Appointment of International Advisory Panel

Today I announce the appointment of four internationally eminent business people to an advisory panel to support the Financial System Inquiry.

The International Advisory Panel will provide an expert perspective to the Financial System Inquiry on aspects of the Terms of Reference including technological change, Australia's global competitiveness and offshore regulatory frameworks.

The following international business leaders have accepted my invitation to provide their highly regarded expertise to the Inquiry:

  • Sir Michael Hintze AM (London) Sir Michael is the founder and chief executive of CQS, a global multi strategy asset management firm. Prior to founding CQS, Sir Michael held senior roles at CSFB and Goldman Sachs. He was made a Member of the Order of Australia for his support to the arts, health and education, and awarded a knighthood for philanthropic services to the arts in the United Kingdom.
  • Dr David Morgan AO (London) Dr Morgan is currently the head of private equity group JC Flowers in Europe and Asia Pacific. Dr Morgan was previously a chief executive officer of Westpac Banking Corporation and a deputy secretary of the Australian Treasury, and has worked for the International Monetary Fund. He was made an Officer of the Order of Australia in 2009 for service to the finance sector
  • Ms Jennifer Nason (New York) Ms Nason is Global Chairman of Technology, Media and Telecom Investment Banking at JP Morgan Chase & Co. In her 28 year tenure at the bank, Ms Nason has worked around the world on mergers, acquisitions, debt and equity financings and strategic advisory roles for technology, media and telecommunications companies.
  • Mr Andrew Sheng (Hong Kong) Mr Sheng is a well-known former central banker and financial regulator in Asia and a leading commentator on global finance. He is a Distinguished Fellow and former President of the Fung Global Institute, a Hong Kong based global think tank, and has previously held senior positions in the Hong Kong Securities and Futures Commission, the Hong Kong Monetary Authority and the World Bank. In 2013, Time Magazine listed Mr Sheng as one of the world's 100 most influential people.

The International Advisory Panel will assist the Financial System Inquiry committee members to reach recommendations that will foster an efficient, competitive and flexible financial system, consistent with financial stability, prudence and public confidence.

I encourage all interested parties to make a submission to the Inquiry by 31 March 2014. More information about the Inquiry is available on its website, www.fsi.gov.au.