AUSTRALIA - The Australian Securities and Investment Commission (ASIC) has created a new director role within its organisation to reflect the body's increasing authority in the finance industry.
Carole Ferguson, who most recently was at Colonial First State Investments Limited as a senior legal counsel, will now become ASIC’s director, institutional and wholesale compliance.
Jeremy Cooper, acting chairman of ASIC, commented that Ferguson’s addition to the compliance team, would add “strength and value” to ASIC’s ties across the industry.
“Carole is a well-known financial industry participant, through her roles in the private sector and as member or chair of various committees of the Investment and Financial Services Association,” said Cooper.
Ferguson, who also has experience working with Prudential Corporation Australia Limited, will work with the current executive director of compliance Jennifer O’Donnell.
Ferguson’s role will include developing the wholesale and institutional area of the financial services industry as well as helping to shape ASIC’s approach to major institutions.
Former home secretary Amber Rudd is to return to the cabinet as work and pensions secretary after the resignation of Esther McVey.
This week's top stories included proposed draft regulations in a no-deal Brexit which would make scheme investments illegal, and Esther McVey's resignation as secretary of state.
There have been a total of 15 ministers responsible for pensions since 1997. Here is the list in full.