The prudential regulator has appointed the chief operating officer, treasury of Deutsche Bank London to the newly created role of executive general manager, strategy/chief risk officer.
Commencing her new role on 1 February, London-based Therese McCarthy Hockey will be responsible for APRA’s supervision framework and enterprise strategy and risk, which encompasses the design and maintenance of processes the regulator uses to assess risk in regulated institutions as well as within APRA itself.
She will also be responsible for the regulator’s strategic and business planning, accountability and performance reporting processes, according to a statement.
Ms McCarthy Hockey has had more than two decades’ experience in financial markets and has been with Deutsche Bank since 2002 in a variety of senior executive roles such as deputy group treasurer, chief operating officer and treasurer.
Prior to joining Deutsche Bank, she was a debt markets dealer at Macquarie Bank and was also an executive committee member for Women in Banking and Finance between May 2009 and November 2010.
APRA chairman Wayne Byres said that Ms McCarthy Hockey brought “impressive skills and experience” to the newly created role.
“In particular, Therese’s understanding of the financial system, and the inner workings of complex financial institutions, will help ensure APRA’s strategies and supervisory practices remain up to date and fit for purpose,” Mr Byres said.