media release

11-295AD ASIC appoints new MDP members

Published

ASIC today announced the appointment of seven new members to the Markets Disciplinary Panel (MDP).

Panel members are appointed as delegates of ASIC Commissioners to determine alleged breaches of the ASIC Market Integrity Rules. The new members are:

  • Ms Cilla Boreham, Senior Legal Counsel & Head of Legal, Risk Compliance, JBWere Pty Ltd, having over 14 years experience in the industry, with a background in financial services licensing and regulation, stockbroking, compliance and risk management;

  • Mr Peter Curry, Joint Managing Director, MAP Capital Advisors Pty Ltd, with 34 years extensive experience in the accounting and investment banking industries specialising in equities and global equity syndication;

  • Mr Adrian Holst, Managing Director, F W Holst & Co. Pty Ltd, with 50 years experience in the accounting and stockbroking industries, including serving as an executive on numerous associated professional and industry bodies, including being a current member of the ASX Disciplinary Tribunal and a past alternative director of the Finance Industry Complaints Services Limited;

  • Ms Sadie Powers, Head DTR - Equities, Patersons Securities, having over 17 years experience in the industry, with an extensive background in equities trading and regulatory compliance;

  • Mr Pete Robson, Director, Head of Trading, Investment Technology Group, Inc., with over 30 years experience in the industry predominately in equity and derivatives trading, including as a past governor of the ASX Dispute Governors' Committee and testing Governor for the ASX from 1991 to 2007;

  • Mr John Steinthal, Managing Director, Head of Australian Equities, Moelis & Company, Australia, with 20 years experience in the industry, with an extensive background in equities and derivative trading, risk and compliance; and

  • Ms Victoria Weekes, Risk Consultant & Company Director, Risk Compliance Solutions Pty Ltd, having over 20 years extensive financial services and regulatory experience as a senior executive, including specialising in banking, retail and wholesale broking and financial markets trading, and consulting and advising on regulatory compliance and risk.

The new members were all appointed for a two year term commencing 1 October 2011 until 30 September 2013.

The other members of the MDP are:

  • Ms Lisa Gay, former General Counsel of Goldman Sachs JB Were, over 20 years in the industry with legal and compliance expertise, a former member of the ASIC Markets Supervision Advisory Panel and ASX Disciplinary Tribunal. Ms Gay is the Chair of the MDP;

  • Mr Richard Brasher, Associate Director, Equity Derivative Sales, RBS Equities Australia, over 25 years in the industry, specialising in equity derivative strategies;

  • Mr Ian Chambers, Head of Australian Equities, Morgan Stanley Australia, 30 years in the industry with a strong background in equities and derivatives;

  • Mr Leigh Conder, General Manager, Mortgage Services, formerly General Manager, Financial Markets Operations and Equities & Margin Lending Operations, Commonwealth Bank, 25 years experience with a strong background in operations;

  • Mr Simon Gray, Director, Strategy & Corporate Finance, Shaw Stockbroking, 12 years experience with a background in legal & compliance, supervision and corporate finance;

  • Mr Geoffrey Louw, Head of Futures and Forex, Bell Potter Securities, 18 years in the industry with particular expertise in the futures market;

  • Mr Michael Manford Executive, Chairman and Chief Executive Officer, Patersons Securities, Executive Chairman and CEO of a full service stockbroking firm with 32 years in the industry; and

  • Mr Russell McKimm Client Adviser, Patersons Securities, 34 years in the industry, managing broker-client relationships and providing financial advice.

Most panel members are currently employed in the industry and will generally not sit on a matter if they have a conflict of interest. ASIC will appoint further individuals to the panel as its work evolves.

Background

The MDP is a peer review body that exercises ASIC’s power to issue infringement notices and accept enforceable undertakings in relation to alleged breaches of the market integrity rules. The market integrity rules are made by ASIC and apply to market operators, market participants and prescribed entities under the regulations.