The federal government has named a new director to the Financial Adviser Standards and Ethics Authority (FASEA) board, nearly four months after it was vacated by one of three directors meant to represent financial advice practitioners.
The appointment was announced by Assistant Minister for Superannuation, Financial Services and Financial Technology Senator Jane Hume, who named Will Hamilton as a part-time FASEA board director.
Hamilton is currently Hamilton Wealth managing director and previously held the role of National Australia Bank wealth services general manager. Prior to that, he was Goldman Sachs JBWere head of private wealth management and chief executive of Deutsche Securities Asia in Hong Kong.
He replaces former FASEA director and Countplus chief executive Matthew Rower, who resigned from the board on 14 August 2019 after joining in April 2017.
His appointment brings the number of directors back up to the full complement of nine, including three financial adviser representatives – Hamilton, former Association of Financial Advisers president Deborah Kent and Sydney-based adviser Louise Lakomy).
The board also has three consumer representatives – Carolyn Bond, Elissa Freeman and Catriona Lowe – ethics representative Dr Simon Longstaff, education representative Mark Brimble and chair Catherine Walter.
Hume said Hamilton’s appointment “will continue the high level of skills and experience available to FASEA to help ensure that the key sectors of our economy are effectively regulated”.