Hockey appoints FSI advisory panel

Treasurer Joe Hockey has appointed four international business people to the advisory panel for the Financial System Inquiry.

The key focus of the International Advisory Panel will be to assist the Financial System Inquiry committee members on the “terms of reference” which include technological change, global competitiveness and regulatory frameworks.

Asset management firm CQS founder Michael Hintze AM has been appointed to the panel. He previously held senior roles at CSFB and Goldman Sachs.

David Morgan has also been appointed to the panel, and 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.

Jennifer Nason, JP Morgan Chase & Co global chair of technology, media and telecom investment banking, will be joining the panel. Ms Nason has previous experience in mergers, acquisitions, debt and equity financings and strategic advisory roles for technology, media and telecommunications companies.

In addition, “well known” former central banker and financial regulator in Asia, Andrew Sheng, has been appointed to the panel. Mr Sheng is a former president of the Fung Global Institute and has previously held senior positions in the Hong Kong Securities and Futures Commission, the Hong Kong Monetary Authority and the World Bank.

Mr Hockey said the aim of the inquiry is to make recommendations “that will foster an efficient, competitive and flexible financial system, consistent with financial stability, prudence and public confidence”.

He also encouraged all interested parties to make a submission to the Inquiry by March 31.

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