Archived News for Finance Sector Professionals - April, 2012
The National Broadband Network Co (NBN Co) has announced Robin Payne as the company's new Chief Financial Officer (CFO), officially placing him in the role he has served in since January following the retirement of Jean-Pascal Beaufret.
Mr. Payne joined NBN Co in 2009 as General Manager of Planning & Development and was instrumental in developing the company’s initial Corporate Plan. The following year he was appointed the company’s lead negotiator on the Definitive Agreements with Telstra that were concluded last month and which unlock the infrastructure that will enable the large-scale rollout of the fibre optic network.
Welcoming the appointment, NBN Co CEO Mike Quigley said:
Brian Wilson to chair FIRB
The Federal Government has appointed Brian Wilson as the Chair of the Foreign Investment Review Board for a five-year term starting on 16 April.
CFR releases financial reform recommendations
The Council of Financial Regulator has released its recommendations on reforms to the oversight of the country’s financial market infrastructure to ensure continued protection for investors, businesses and market participants.
Commissions release trans-Tasman integration paper
The Australian and New Zealand Productivity Commissions have released a joint issues paper for their inaugural study on options to further enhance integration between the Australian and New Zealand economies.
Davis to head ANZ Japan
ANZ has announced Peter Davis as the company’s new CEO in Japan, following his promotion from Global Head of Utilities and Infrastructure at ANZ.
Stop the bank bashing says ANZ chief
Chief Executive of ANZ Phil Chronican has expressed his confusion with Australia’s ongoing campaign against banks and the pay packages of their executives.
Everybody's working on the weekend
The Commonwealth Bank, ANZ Bank, Westpac and GE Money have applied to Fair Work Australia to include weekends in the definition of ordinary hours of work under the banking, finance and insurance award, arguing that it would promote flexibility in the workplace.
RBA keeps rates steady
The Reserve Bank of Australia has announced it has kept the country’s official cash rate unchanged at 4.25 per cent, citing recent information surrounding the world economy.
Surplus not vital say directors
The Australian Institute of Company Directors (AICD) have urged the Federal Government to reconsider its determination to see a budget surplus in 2012-13, saying it is risky to pursue the goal given the economic volatility.