The Australian Prudential Regulation Authority has confirmed its executive board is now at full strength, with David Bradbury (pictured) commencing as deputy chair on 1 September.
Bradbury takes on a five-year term overseeing the regulator's superannuation portfolio — a sector he has described as "one of the most significant and distinctive features of the modern Australian economy."
The appointment follows a process that began in July, when Treasurer Jim Chalmers announced Bradbury and Therese McCarthy Hockey would both join APRA as deputy chairs.
Bradbury arrives from outside APRA's ranks entirely — he is currently chair of the Board of Taxation, spent more than a decade in senior roles at the OECD, was a partner in KPMG Australia's consulting division, and served as assistant treasurer between 2010 and 2013.
By contrast, his fellow appointee McCarthy Hockey was already an APRA member, having built more than 20 years' experience in financial markets before stepping into her deputy chair role on 9 July, where she continues to oversee banking supervision.
The Treasurer's office said the pairing was designed to give APRA "the best available mix of strong leadership, experience, and fresh thinking" as the financial system grows in "increasing scale and complexity." Both were selected through a merit-based process chaired by Treasury Secretary Jenny Wilkinson.
APRA Chair John Lonsdale said Bradbury's background "complements the executive board's strong mix of prudential, financial markets, insurance, superannuation and public sector expertise."
In a LinkedIn post, Bradbury himself warned that the financial system faces challenges "from geopolitical instability to cyber risks, operational resilience threats, and the rapid evolution of AI."
Bradbury's appointment completes APRA's executive board, with the regulator's banking, superannuation, and insurance portfolios now each under dedicated oversight.
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