ASX Limited (ASX) has announced the appointment of Wayne
Byres as a non-executive director to its Board. Damian Roche, Chair of ASX
Limited, unveiled the appointment today (Monday), highlighting Byres’ background
in financial services regulation, risk management, governance, and public
policy both nationally and internationally.
ASX Board Sees Changes
Byres brings to the table over three decades of expertise,
having held prominent supervisory positions including his tenure as the former
Chair of the Australian Prudential Regulation Authority (APRA) and as the
Secretary General of the Basel Committee on Banking Supervision.
Simultaneously, ASX confirmed the impending retirement of
Yasmin Allen from the Board, with her departure slated for the conclusion of
the September Board meeting. Allen, who has served on the ASX Board since
February 2015, earned accolades from Roche for her steadfast dedication and
invaluable contributions, characterized by a keen commercial perspective and
shareholder-centric approach.
Roche said: “I want to thank Allen for her many years of
diligent service where she always brought her commercial lens and the
shareholder view to the boardroom. The Board and I have benefited from her
experience, judgment and counsel.”
From Basel Committee to Macquarie Bank Directorship
Byres’ career trajectory highlights his status as a respected
figure within the financial services landscape, having held pivotal supervisory
roles in Australia and abroad. Presently serving as an expert advisor to the
International Monetary Fund, Byres previously chaired APRA for eight years
until 2022. His multifaceted experience includes membership on the Reserve Bank
of Australia’s Payments System Board and the Australian Council of Financial
Regulators.
Before assuming the role of APRA Chair, Byres served as the
Secretary General of the Basel Committee on Banking Supervision, where he
played a pivotal role in navigating international negotiations on post-Global
Financial Crisis banking reforms. His professional journey encompasses senior
leadership roles at APRA, the Reserve Bank of Australia, and the Bank of
England.
Byres’ recent appointment as a non-executive director of
Macquarie Bank Limited in February 2024 further underscores his stature as a
trusted authority in the financial sector. He joins a select cohort of
bank-only, non-executive directors within the Macquarie Group, solidifying his
influence in shaping industry best practices.
Byres holds the distinction of being a senior fellow of the
Financial Services Institute of Australasia and is a graduate of the Australian
Institute of Company Directors.
This article was written by Tareq Sikder at www.financemagnates.com.
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