One of Time Magazine’s 100 most influential people in the world has been appointed to an advisory panel to support the Financial System Inquiry.
Treasurer Joe Hockey announced yesterday four internationally eminent business people will sit on the International Advisory Panel, which will provide an expert perspective to the Inquiry on the terms of reference including technological change, Australia's global competitiveness and offshore regulatory frameworks.
Andrew Sheng, listed by Time Magazine as one of the world's 100 most influential people last year, was one of those appointed. Sheng is a well-known former central banker and financial regulator in Asia and a leading commentator on global finance.
He is a distinguished fellow and former president of the Fung Global Institute, a Hong Kong based global think tank, and has previously held senior positions in the Hong Kong Monetary Authority and the World Bank.
Sir Michael Hintze, knighted for philanthropic services to the arts in the UK, has also been appointed. The founder and CEO of global asset management firm CQS, Sir Michael held senior roles at CSFB and Goldman Sachs.
Private equity group JC Flowers head Dr David Morgan –
previously Westpac Banking Corporation CEO and Australian Treasury deputy secretary – is also on the advisory panel, along with JP Morgan Chase & Co technology, media and telecom investment banking global chairperson Jennifer Nason.
Hockey encouraged all interested parties to make a submission to the Inquiry by 31 March.