Chairman and Panel of Experts
Minister Bowen has appointed Mr Mark Johnson as Chairman of the AFCF to provide industry leadership on this initiative.
The Chairman will provide a leadership role in establishing and promoting Australia as a leading financial services centre in the region.
The Chairman is the key spokesperson for the Australian Financial Centre Forum and is responsible for liaising with the Government on the progress of promoting Australia as a leading financial services centre.
Mr Johnson is Chairman of AGL Energy and Chairman of Macquarie Infrastructure Group. He retired as Deputy Chairman of Macquarie Bank in July 2007, after a career of more than forty years in banking and corporate finance.
Mr Johnson is one of the three Australian members of the APEC Business Advisory Council (ABAC) since 2002, and he was Chairman of ABAC and the APEC Business Summit in Sydney in 2008. He was Chairman of the Australian Strategic Policy Institute from 2005 to 2008.
Mr Johnson is a member of the Board of Governors of the Institute for International Trade at the University of Adelaide, and a Life Governor of the Victor Chang Cardiac Research Institute.
Panel of Experts
The Panel of Experts will work with the Chairman to set out a 'vision' of what this initiative should be seeking to achieve and develop a blueprint encompassing a coherent policy framework for positioning Australia as a leading financial services centre. This will involve identifying the Australian financial sector's comparative advantages, the opportunities for growing the sector through increased international trade and investment, and the policy priorities for enhancing the international competitiveness of the sector.
The Panel of Experts Comprises:
Mr Binsted is Chairman of Sydney Ports Corporation and is a director of Donaldson Coal Holdings Limited. He was an Investment Banker from 1982 to 2007. During that time he held senior positions with Lazard, Citigroup Investment Banking, Schroders and Lloyds Corporate Advisory Services. He was a Sydney Ports Corporation director from 1995 to 1998, and was Chairman of the State Rail Authority of NSW from 1998 until 2002.
He is a Fellow of the Financial Services Institute of Australia, a Member of the Economics Society of Australia and a solicitor of the Supreme Court of New South Wales. Mr Binsted is also a Member of the Federal Government's Finance Sector Advisory Council.
Mr Capito is a Senior Tax Partner and head of Ernst & Young's Tax Policy Group for Asia.
Mr Capito has more than 20 years experience with a focus on international tax. He has been closely involved in the reform of Australia's international tax regime, and a regular presenter and commentator on tax issues including co-authoring the White Paper prepared by the Business Council of Australia (BCA) which was used as a basis for the Australian Government’s Review of International Tax Arrangements (RITA). He was also a member of the Treasury Steering Committee overseeing the design of the RITA measures.
Mr Capito is an adviser to the Board of Taxation and continues to be involved in tax policy and tax design reforms impacting corporate Australia
Mrs Cross is a Director of Wesfarmers Limited, National Australia Bank Limited, Qantas Airways Limited, the Murdoch Children's Research Institute, the Grattan Institute and Methodist Ladies College. She has served over the last 13 years on a wide variety of publically listed company boards, professional service firm boards and advisory boards. She has also served on a variety of not-for-profit boards.
Mrs Cross is a Fellow of the Australian Institute of Company Directors and was a founding member of the Financial Sector Advisory Council to the Federal Treasurer serving for five years until 2003. In 2003, she received a Centenary Medal for service to Australian society through the finance industry.
Prior to becoming a professional company director in 1996, Mrs Cross held various senior executive positions with Chase Manhattan Bank, Banque Nationale de Paris and National Australia Bank in New York, Europe and Australia.
Mrs Cross holds a Bachelor of Science (Honours), from Georgetown University and is a Fellow of the Australian Institute of Company Directors.
Mr Duffield is Founder and Chairman of Vanguard Investments Australia Ltd, and Managing Director of Vanguard Asia Pacific.
Mr Duffield joined The Vanguard Group in the United States in 1980 as Assistant to the Chief Executive Officer, John C. Bogle, after working in Economic Research for the Federal Reserve Bank of Richmond, Virginia. He then served Vanguard as Senior Vice President of Planning and Development for Vanguard until moving back to Australia in 1996.
Mr Duffield is a Director of Vanguard Investments Japan Ltd, Vanguard Investments Singapore Pte Ltd, Plum Financial Services Ltd, and Deputy Chairman of the Investment and Financial Services Association Limited (IFSA). He is also a member of the Federal Government's Financial Sector Advisory Council (FSAC) and ASIC's Business Consultative Panel.
Mr Dunn is Chief Executive Officer of AMP Limited and Managing Director of AMP Financial Services. Prior to this, he spent six months as Director, Office of the CEO responsible for strategy, secretariat functions and operational analysis across the Group.
Mr Dunn joined AMP in January 2000 as Corporate Strategy Executive and was appointed Managing Director, AMP Banking in February 2001.
Prior to joining the Group, Mr Dunn was Chief Executive Officer of a Malaysian-based insurance company, a joint venture of Colonial Limited. During his seven-year career with Colonial, he also the held the position of General Manager, Group Finance and worked extensively in the areas of strategy and mergers and acquisitions. He worked for KPMG throughout Europe and Indonesia before joining Colonial.
Mr Dunn is also a member of the Federal Government's Financial Sector Advisory Council (FSAC).
Mr Story is Chairman of Suncorp-Metway Limited and Tabcorp Holdings Limited and a member of the Board of CSR Limited. He is Chairman of the Australian Institute of Company Directors, a member of the Senate of the University of Queensland and a Commissioner of the Service Delivery and Performance Commission established by the State of Queensland.
Mr Story was a partner of the National Law Firm of Corrs Chambers Westgarth for thirty-seven years, and at various times during that period served as Queensland Managing Partner, National Head of the Corporate Advisory Group and National Chairman of the Partnership.
As a lawyer, he practised in the areas of corporate and commercial law, focussing particularly on capital markets and mergers and acquisitions. During his career, he participated in the formation and development of a number of major projects and enterprises in Queensland and nationally.