The Australian Prudential Regulation Authority (APRA) has outlined multiple executive changes within its leadership team that will take effect within the coming weeks.
The current executive director of cross-industry insights and data at APRA, Sean Carmody, will swap roles with executive director of insurance Brandon Khoo from 4 April.
Mr Carmody will assume responsibility for the day-to-day supervision of regulated entities within the general, life and private health insurance industries.
Meanwhile, Mr Khoo will oversee a number of the prudential regulator’s specialist supervisory teams and drive the ongoing investment in its data and analytical capabilities.
Both Mr Carmody and Mr Khoo will report to APRA deputy chair Helen Rowell.
APRA also confirmed the retirement of general counsel Warren Scott after 13 years, with deputy general counsel Lucinda McCann stepping into the role from 15 April.
Finally, the regulator named Sharon Burns as its new CFO beginning late next month.
“I am pleased to be able to announce each of these new appointments, which are reflective of the strong leadership team APRA is fortunate to have,” said APRA chair Wayne Byres.
“I would also like to acknowledge and thank Warren Scott for his very significant contribution to APRA over more than a decade.”
Jon Bragg is a journalist for Momentum Media's Investor Daily, nestegg and ifa. He enjoys writing about a wide variety of financial topics and issues and exploring the many implications they have on all aspects of life.