The RegTech Association (RTA) has bolstered its leadership team with the appointment of a new CEO and two new board members.
The industry body for the burgeoning regulation technology sector has moved its former general manager Deborah Young to the chief executive role, the association’s first.
Young brings over 20 years of financial services advocacy experience, with a track record in building industry engagement programs from the ground up, including accreditation programs, Environmental Social and Governance (ESG) and diversity initiatives in venture capital/private equity, insurance and superannuation. She previously held roles at the Australian Private Equity and Venture Capital Association Limited (AVCAL), the Association of Superannuation Funds of Australia (ASFA) and the Australian Financial Markets Association, to name a few.
She said: “It is an honour to be confirmed as the RegTech Association’s first CEO. The growth and awareness of the association’s work continues to build, and I am very excited to be able to lead in the implementation of the next phase of the strategy.
“We have already begun the roll out of our RegTech AML Boot Camps which underline our values to educate, connect and collaborate. I’d like to thank the board for this opportunity and look forward to working with all members in pursuing our goals.”
The RTA brings regulators and regulated entities together to improve efficiency, productivity and safety of business and financial systems – through the adoption of RegTech. It has also appointed Jasper Poos and Harold Lucero as directors.
Poos has been involved in the RegTech Association in an advisory capacity since
its foundation in 2017. He is currently head of governance and assurance for Commonwealth Bank of Australia, where he covers operational risk and compliance across the bank’s institutional banking and markets business.
CBA has also joined foundation member, the Bank of Queensland as a regulated entity member, and is the first of the ‘big four’ Australian banks to join the association, plus is the first regulated entity to put a representative forward to join the board.
Harold Lucero was the founder and chair of RegTech firm, Lucsan, which was recently acquired by IRESS – a leading supplier of innovative technology solutions for the financial markets. He joins the board having participated on the advisory committee of the association since its inception.
RTA said the these three new appointments will help it deliver on its mission of building higher performing, ethical and compliant businesses through RegTech innovation and investment.
Chairman, Julian Fenwick said: “We are very pleased to announce these new appointments. We are cognisant of the need to ensure that our board has representation from both RegTechs and Regulated entities, and these new board members provide just that. Our new CEO and board appointments bring together a range of balanced perspectives to help the association accelerate the adoption of RegTech in Australia.”
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
