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Spaceship recruits former regulators after wrist slap

Super fund Spaceship has announced the appointment of former APRA and big four bank officials to its board and executive team following its penalty by ASIC for making false and misleading statements in marketing material.

In a statement released on Monday, Spaceship announced the appointment of Sarah Goodman, Andrew Moore, Daniel Yip and Thomas Kildea to the roles of board director, independent non-executive chairperson, chief risk officer and senior compliance officer, respectively.

Spaceship acknowledged in the statement that the appointments “follow[ed] two recent technical breaches by Spaceship and its trustee Tidswell Financial Services last year that attracted infringement notices from ASIC last month”.

Ms Goodman has had two decades of experience in the area of regulatory policy and risk management and has held C-suite executive roles in compliance at Colonial Group and the Commonwealth Bank.

She was previously company secretary at ASIC, compliance officer at BT Financial Group and has held the positions of executive general manager, supervisory support division and then executive general manager, policy and advice division at APRA.

Ms Goodman has already served as chairperson of Spaceship’s advisory board for eight months and will also act as board observer.

Mr Moore steps into the independent non-executive chairman role with an extensive background in financial services.

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He has held senior roles at St.George Bank (such as general manager, retail banking; managing director, southern NSW and ACT; and chief operating officer) as well as Westpac (as general manager for a number of departments) since mid-2008.

Daniel Yip makes the move to Spaceship as chief risk officer following seven years at APRA where he was most recently a principal analyst.

Meanwhile, former AON senior compliance officer Thomas Kildea will lead the super fund’s internal compliance team as senior compliance manager.