Ex-ASIC chief added to board at AFG

by Mike Wood14 Sep 2021

Major aggregator AFG has added Greg Medcraft to its board, with the former ASIC chairman joining as a non-executive director.

Medcraft is highly experienced in the financial sector, having been managing director at Société Générale as well as director of the Directorate of Financial and Enterprise Affairs at the Organisation for Economic Co-Operation and Development (OECD).

He had been out of Australia for several years, living in Paris as part of his role at the OECD, but returned to the country last month.

Medcraft will immediately add to AFG’s offering in the securitisation space, as he was previously global head of securitisation at Société Générale.

“I am delighted to announce Greg’s appointment to the AFG board,” said AFG Chairman Tony Gill.

“It’s a first-class appointment. His deep understanding of financial markets and practical expertise will ensure we further bolster the board’s core skill set, broaden our diversity of experience, and enhance our corporate governance capabilities to support AFG’s continuing growth.”

“Having spent seven years as Chairman of our industry regulator, ASIC, Greg is highly respected across the market and has an acute insight into the way the financial sector operates.”

“His knowledge of the thirdparty channel means he understands the important role we play in driving competition between lenders, providing a vital distribution channel for lenders without branch networks, and choice for consumers. Greg recognises compliance with the law and duty to our customers is central to the way we do business.”

 

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