The Future of Corporate Governance in Financial Services in Australia and Asia
Woodward Conference Centre
Melbourne Law School
185 Pelham Street
Centre for Asian Business and Economics (CABE) 6th Annual Conference
Corporate governance continues to be a hot topic in Australia and Asia. This conference brings together leaders, regulators, and academics from Australia and beyond to explore current trends and future developments, with a focus on financial services throughout the region.
Presented by the Centre for Asian Business and Economics (CABE) and Melbourne Centre for Corporate Governance and Regulation (MCCGR)
Mr Masatsugu Asakawa, Former Vice Minister of Finance for International Affairs, Japan
Mr Masatsugu Asakawa
Former Vice Minister of Finance for International Affairs, Japan
Masatsugu Asakawa is currently serving as Special Advisor to the Prime Minister, and Minister of Finance. Since he joined the MOF in 1981, he has held many senior positions in the Ministry, including Vice Minister of Finance for International Affairs(201519), DirectorGeneral of the International Bureau(201415), Deputy Vice Minister for Policy Planning and Coordination(201314), Senior Deputy DirectorGeneral, International Bureau (201213), and Executive Assistant to Deputy Prime Minister and Finance Minister, Ministry of Finance(201213), Deputy Vice Minister for International Affair (200912), Director for Coordination Division, International Bureau (200708), Development Policy Division (200607), Foreign Exchange Markets Division (200406), International Tax Policy Division, Tax Bureau (200204), and Regional Financial Cooperation Division, International Bureau (200002). He also served as Executive Assistant to the Prime Minister under the Aso Cabinet (200809). Mr. Asakawa also has extensive experience outside the MOF. He served as Head for Technical Assistance Management Unit, Fiscal Affairs Department at the IMF (19962000), and also served as Executive Assistant to the President of Asian Development Bank (19891992). Besides, he held several positions at the Committee on Fiscal Affairs, OECD, while serving his positions at the MOF, including CoChair for Board for Cooperation with NonOECD Economies (200204), CoChair for Forum on Harmful Tax Practices (200204), and Chair for Committee on Fiscal Affairs (20112016). He served as Visiting Professor at the Graduate School of Economic Science, Saitama University (200609), and at the Graduate School of Arts and Sciences, University of Tokyo (201215). He obtained his BA from University of Tokyo (Economics Faculty) in 1981, and MPA from Princeton University, USA in 1985.
Ms Karen Chester, Deputy Chair
Ms Karen Chester
Australian Securities and Investments Commission
Karen Chester commenced as an ASIC Deputy Chair on 29 January 2019. Before joining ASIC, Karen was a Commissioner at the Productivity Commission since 2013 and Deputy Chair since May 2016. Previously, Karen was a Partner at Mercer and Global Head of Infrastructure. Before joining Mercer, Karen was a Partner at Access Capital Advisers and the CEO of Access Economics. Karen has held directorships on several Australian infrastructure company boards. Before moving to the private sector, Karen held senior economic policy roles in the Australian Treasury and the Department of Prime Minister and Cabinet. Karen has a first class honours degree in Economics from the University of Queensland and was awarded an honorary doctorate in Economics by the University in 2017. She is also a graduate of the Australian Institute of Company Directors.
Ms Alexis George, Deputy CEO
Ms Alexis George
Alexis was appointed Deputy Chief Executive Officer in May 2018 and Group Executive Wealth Australia in November 2016. Alexis has more than 25 years’ experience in the financial services industry. She is responsible for ANZ’s group service centres in Manila, Bengaluru and Chengdu, as well as assisting the Chief Executive Officer with Groupwide initiatives including ANZ’s engagement with government, regulators and employees. Alexis was appointed Group Executive Wealth Australia in 2016 and will continue to lead the divestment of ANZ’s life insurance, superannuation and aligned dealer groups and maintain responsibility for wealth partnerships in Australia. Prior to joining ANZ in 2013, she spent ten years with ING Group in a number of senior roles including CEO Czech Republic and Slovakia responsible for banking, insurance and funds management and Regional COO Asia responsible for product, marketing, technology and operations. Alexis is a Fellow of FINSIA, the Institute of Chartered Accountants and a graduate of the Australian Institute of Company Directors. She is a passionate advocate for women in leadership roles and is an active member of Chief Executive Women.
Mr Peter Nash, Non-Executive Director
Mr Peter Nash
Peter Nash was formerly a Senior Partner with KPMG until September 2017, having been admitted to the partnership of KPMG Australia in 1993. He most recently served as the National Chairman of KPMG Australia from 2011 until August 2017, where he was responsible for the overall governance and strategic positioning of KPMG in Australia. In this role, Peter also served as a member of KPMG’s Global and Regional Boards. His previous positions with KPMG included Regional Head of Audit for Asia Pacific, National Managing Partner for Audit in Australia and head of KPMG Financial Services. Peter has worked in geographically diverse and complex operating environments providing advice on a range of topics including business strategy, risk management, internal controls, business processes and regulatory change. He has also provided both financial and commercial advice to many Government businesses at both a Federal and State level. Peter is a former member of the Business Council of Australia and its Economic and Regulatory Committee. Peter is a Board member of the Koorie Heritage Trust and Migration Council Australia. He is an Advisory Board member of the University of Melbourne Centre for Contemporary Chinese Studies.
Professor On Kit Tam, Professor of Finance
Professor On Kit Tam
Professor of Finance
Professor On Kit Tam is Professor of Finance in the School of Economics, Finance and Marketing at RMIT University and Vice President of the Australia China Business Council Victoria. Professor Tam was previously Deputy Pro ViceChancellor Business International at RMIT and Deputy Dean of the Faculty of Business and Economics, and Director of China Research Centre at Monash University. Other previous appointments include executive/academic positions at the Australian Commonwealth Government Department of Treasury, the University of New South Wales, and Phillips Hong Kong. He has held visiting positions with Australian National University, University of California Berkeley, Renmin University of China, Nanjing University, and the University of Hong Kong, as well as being Adjunct Professor of Finance in Beijing’s Central University of Finance and Economics, and Tianjin University. Professor Tam has published extensively on China’s economic and financial reform, foreign investment, and corporate governance. His research has won major grants and awards from key Australian and international bodies including the Australian Research Council and the Ford Foundation. Professor Tam has been consultant and adviser for major multilateral organisations (World Bank, Asian Development Bank), Chinese and Australian government organisations, and international corporations (Lend Lease, Rio Tinto, MLC Financial Services), and was an independent director of a joint venture fund management company in China set up by the Commonwealth Bank of Australia and a board director of Royal District Nursing Services.
Professor David Larcker, The James Irvin Miller Professor of Accounting
Professor David Larcker
The James Irvin Miller Professor of Accounting
Professor Larcker presently holds the James Irvin Miller Professorship. He is the director of the Corporate Governance Research Initiative at the Stanford Graduate School of Business and senior faculty of the Arthur and Toni Rembe Rock Center for Corporate Governance at Stanford University. Professor Larcker was previously the Ernst & Young Professor of accounting at the Wharton School of the University of Pennsylvania and Professor of accounting and information systems at the Kellogg Graduate School of Management at Northwestern University. He received his PhD in Business from the University of Kansas and his BS and MS in Engineering from the University of Missouri Rolla. He is on the editorial boards of the Journal of Accounting and Economics, Journal of Accounting Research, Accounting, Organizations and Society, Journal of Accounting and Public Policy, Journal of Applied Corporate Finance. Professor Larcker received the Notable Contribution to Managerial Accounting Research in 2001.
Professor Kevin Davis, Professor of Finance
Professor Kevin Davis
Professor of Finance
University of Melbourne
Kevin Davis is Professor of Finance at the University of Melbourne. Until December 2018 he was Research Director of the Australian Centre of Financial Studies (or which he was the Inaugural Director). His primary research interests are financial regulation, financial institutions and markets, financial innovation and corporate finance. He is co‐author/editor of16 books in the areas of finance, banking, monetary economics and macroeconomics and has published numerous journal articles and chapters in books. He is currently a member of the Australian Competition Tribunal, has undertaken an extensive range of consulting assignments for financial institutions, business and government, and held a number of Board positions. He is an active contributor to public policy debate. Professor Davis is a Senior Fellow of Finsia and holds Bachelor of Economics (Hons I) from Flinders University of South Australia and a Master of Economics from the Australian National University. He was appointed by the Federal Treasurer in December 2013 as a panel member of the Australian Financial System Inquiry chaired by Mr David Murray which reported in November 2014.