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CBA appoints former judges to advice review panel

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By Reporter
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3 minute read

The Commonwealth Bank has bolstered the review panel investigating advice delivered to Financial Wisdom and Commonwealth FP clients with the appointment of two former judges.

CBA earlier this week announced the appointment of retired Justice of the Queensland Court of Appeal Geoffrey Davies as deputy chairman of the Independent Review Panel, and the appointment of retired Justice of the Federal Court and the Victorian Court of Appeal Julie Dodds-Streeton as a panellist.

Mr Davies was previously chair of the Litigation Reform Commission, served as commissioner of the Queensland Public Hospitals Commission of Inquiry and was a member of the Queensland Health Reform advisory panel.

He has also been a leading senior counsel and solicitor-general for the State of Queensland.

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In addition to her time as a trial judge and Justice of the Supreme Court of Victoria and judge of the Federal Court, Ms Dodds-Streeton served for more than 15 years on the Law Council’s Insolvency & Reconstruction Law Committee.

The CBA has also announced Fiona Guthrie has been appointed as a consultant expert adviser to the Independent Review Panel.

Ms Guthrie has had an extensive career as an advocate for consumers of financial services.

Currently, she is the executive director of Financial Counselling Australia and a member of the Australian Competition and Consumer Commission’s Consumer Consultative Committee.

CBA chief executive Ian Narev said the appointments reinforce the independence of the Open Advice Review program.

“We have worked closely with the Independent Review Panel chairman, the Hon Ian Callinan AC, to identify high calibre panel members,” said Mr Narev.