The Centre for International Finance and Regulation announces new CEO

Thursday, 14 March 2013  Features

The Centre for International Finance and Regulation (CIFR) has appointed Professor David Gallagher as its new Chief Executive Officer.

In announcing the appointment, CIFR Chairman Peter Mason, said: "Professor Gallagher is best placed to lead CIFR, given his internationally recognised research in the areas of investment management and capital markets and his strong links and profile in industry."

CIFR, which was established in 2011, is a consortium of leading universities and research centres.

Its charter is to assist government, regulators and industry to meet emerging challenges and opportunities in the financial sector through world-class research and education programs.

Professor Fred Hilmer, Vice-Chancellor of the University of New South Wales, the lead institution in the consortium, welcomed the appointment.

"CIFR provides an important strategic link between academia, financial regulators, government and the financial industry," he said.

"As CEO, Professor Gallagher will further position CIFR as a key contributor to informing public policy in this area."

Professor Gallagher is currently a Professor of Management in Finance and Associate Dean (Research) at the Macquarie Graduate School of Management.

In his new role, Professor Gallagher will hold his academic appointment with UNSW's Australian School of Business.

He previously held senior academic appointments at UNSW, The University of Texas at Austin, and the University of Technology, Sydney. He also previously served as a visiting scholar with the Investment Company Institute in Washington D.C.

The financial sector regulatory environment has many pressing issues as Australia builds its position as a strong well-regulated financial centre with vibrant and deep capital markets, while maintaining world's best standards of regulatory oversight and investor protection regimes.

Rigorous evidence-based research is vital to ensure informed policy making in many critical areas - superannuation settings, capital adequacy, financial advice reform, risk management, trading costs and the advent of competition in platforms, the growth of high frequency trading, liquidity provision and derivatives markets.

Along with supporting research, CIFR is engaging the financial services sector at seminars and discussions to debate, analyse and test the regulatory and policy settings.

The CIFR Board would like to thank Ros Grady, CIFR's inaugural CEO, for her excellent work in establishing CIFR and overseeing the commissioning of a wide range of research projects. Ros is leaving to take up opportunities to work with the World Bank and other international development organisations and to continue her academic career.

Professor Gallagher will take up his appointment on 2 April 2013.