MLC’s former remediation general manager has moved to a global law firm in the aftermath of the wealth giant’s acquisition by IOOF.
Chris Baker will step into the role of head of managed services for risk advisory at Ashurst. Mr Baker was previously MLC’s general manager for regulatory change and remediation and has held roles with NAB, including as acting general manager for enterprise projects and change.
“I am delighted to join Ashurst’s Risk Advisory business as Head of Managed Services,” Mr Baker said.
“This is an exciting period of growth in the firm’s consulting business and I look forward to adding further value to broaden the offering to complement the firm’s core legal services.
“Financial services organisations are facing into more change and complexity than ever, particularly in relation to regulatory and compliance related matters. I think that Ashurst’s ability to bring the full suite of legal and consulting services together with a strong delivery capability creates a compelling one stop shop to help firms navigate this complexity with confidence.”
Ashurst cited Mr Baker’s experience with the government and financial regulators as a key draw, and noted that his work involved “resolving some of the country’s most complex remediation policy issues”.
“Chris is highly regarded in the financial services sector as a remediation expert, and brings large scale regulatory change, regulatory response and managed services skills to the growing Ashurst Consulting division. His diverse background and depth of expertise will significantly strengthen our expanded offering for clients,” said head of risk advisory Philip Hardy.