The Australian Custodial Services Association, the main body for Australia’s custody and investment administration sector, has highlighted a number of changes to its board.
Daryl Crich of BNP Paribas has been named treasurer of ACSA, taking over the role from Gordon Little, while Daniel Cheever from State Street was appointed as deputy chair, according to a statement.
Andrew Gibson will also replace Martin Carpenter from Citi, who has stepped down after seven years on the board, the statement said.
ACSA chair David Knights said the industry body is facing a period of significant operational changes.
“The custodial industry is responsible for $3 trillion of assets under custody and administration, and the work that all our members do is important in helping our own organisations, and our clients, navigate this environment successfully,” Mr Knights said.
“ACSA has been working with regulators and the broader industry to address these challenges and implement changes to improve the efficiency of Australia’s funds management sector.”
A coalition of Australian financial services providers, insurers and scientists has rolled out new standards for physical risk assessment fr...