The Australian Custodial Services Association (ACSA), the main body for Australia’s custody and investment administration sector, has appointed David Braga as chair.
Mr Braga, who is managing director and head of product for J.P Morgan’s Investor Services business in Australia and New Zealand, will replace Pierre Jond of BNP Paribas, who is returning to France to undertake a new position within the French bank.
For the past year, Mr Braga has been an executive sponsor of the association’s regulatory and compliance working group and its Stronger Super taskforce.
This involved representing the views of the custody industry to the Australian Securities and Investments Commission, Australian Prudential Regulation Authority and policymakers in regard to legislative changes affecting custodians and their clients.
He has also been an active participant in ACSA and a member of the association’s executive committee since 2011.
Mr Braga said he looked forward to representing the interests of the custody and investment administration industries to help ensure Australia has an “efficient, world-renowned financial market”.
“As the voice of the custodian, ACSA will continue to work with industry partners during this period of unprecedented change to provide clear guidelines on what standards custodians will be held to as we plan for the future,” said Mr Braga.
He thanked Pierre Jond on behalf of ACSA for his involvement in the association and his strong leadership as chair.
“Over the past two years, Pierre has broadened the role of ACSA as a representative body for custodians and strengthened our position within the broader financial services sector,” said Mr Braga.
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