Governance Structure

Monash Business School

Monash Business SchoolIn 2016, ACFS became a centre of Monash Business School. The Business School was established in 2014 as part of a move to more effectively leverage the global reach and reputation of Monash’s Faculty of Business and Economics. The School encompasses all Faculty units and activities within Australia. Today, the Faculty is one of the largest and most international business and economic academies in the Asia-Pacific region. It is the only Group of Eight ‘triple crown’ accredited faculty in Australia.

ACFS remains operationally independent. In 2015, ACFS generated more than 70% of its budget from contributions from industry partners.

Management Committee

The details of the Management Committee are still to be announced.

Advisory Board

The ACFS Advisory Board meets regularly to provide advice on ACFS operations and its forward agenda. The Advisory Board comprises 20-30 senior professionals across the financial services industry, government and academia. It replaces the former ACFS Industry Advisory Committee. The Advisory Board does not have formal governance responsibilities.

Advisory Board members are listed below. Click on each name to read their biographies or click here for a consolidated list.

Maria Wilton (Chair)

Maria WiltonCFA

Maria Wilton has a thirty year history in the financial services industry with leadership experience in asset management and superannuation.

Maria is a Member of the Board of Governors of the CFA Institute, Deputy Chair of Infrastructure Victoria and a Director of Victorian Funds Management Corporation. She is Chair of the National Diversity Council and a Member of the Advocacy Council of the CFA Societies Australia.

Maria is the former Managing Director and Chair of Franklin Templeton Investments Australia – a role she held for 12 years. Prior to joining Franklin Templeton, Ms. Wilton held numerous roles in the investment industry as a portfolio manager and worked for the Commonwealth Treasury in an economic research capacity.

Maria is a Fellow of the Australian Institute of Company Directors and the Australian Institute of Superannuation Trustees. She was a Board Member of the Financial Services Council and co-Chair of the Investments Board Committee. She was a director of a number of superannuation funds, not for profits and public sector entities.

Ms. Wilton holds a bachelor of economics from the University of Tasmania and is a Chartered Financial Analyst (CFA) charterholder.

Jeremy Duffield (Deputy Chair)

Jeremy DuffieldCo-founder of SuperEd

Jeremy is currently a director of MLC’s responsible entity board. He is also a director and co-founder of SuperEd Pty Ltd, a digital advice provider. Jeremy was ACFS Chair from 2011 until February 2016.

Jeremy is a senior player in the Australian and international financial services sectors, having served as a senior executive with leading global funds manager Vanguard Group from 1980 to 2010. He founded Vanguard’s operations in Australia and Asia, and led them from 1996 to 2010.

Jeremy is a non-executive director of MLC, National Wealth Management and Plum Financial Services. He has been a member of the federal government’s Australian Financial Centre Task Force, the Financial Sector Advisory Council, and the Financial Literacy Foundation, and was Deputy Chair of the Financial Services Council.

Mark Adams

Mark AdamsSenior Executive Leader – Strategic Intelligence, ASIC

Mark recently returned to ASIC from secondments as Principal Adviser, Financial System Inquiry Secretariat and Director, Strategy, Research and Risk, Ontario Securities Commission. Mark has held a range of senior executive positions at ASIC including leading ASIC’s Competition in Equity Markets project and the Exchange Market Operators, Regulatory Policy and International teams.

John Bailey

John BaileyExecutive Director – Sector Lead Professional Services, Victorian Government

John is responsible for facilitating and delivering investment growth opportunities for Victoria in the professional services sector. He was previously Managing Director of Standard & Poor’s in Australia and New Zealand, and before that was Greater China Region Head. He is also a director and treasurer of the Alternative Technology Association (ATA).

Marnie Baker

Marnie BakerExecutive, Customer, Bendigo & Adelaide Bank

Marnie has been with the Bendigo and Adelaide Bank Group since 1989 and an executive of the Bank since 2000. Marnie has extensive industry experience in financial services, specifically Retail Banking, Trustee & Custodial Services, Financial Planning, Insurance, Funds Management, Treasury, Risk & Compliance, Payment Systems, Information Technology, Change Management, Social Media and Digital Technologies, and Legal and Human Resources.

Syd Bone

Syd BoneExecutive Director, CP2

Syd is the Executive Director of CP2, a leading global infrastructure investment manager. Syd was previously the Chair and then Deputy Chair of ACFS, CEO of the Victorian Funds Management Corporation, and Managing Director of the Asia-Pacific operations of Baring Asset Management, a member of the ING Group. He also chairs the ACFS Funds Management and Superannuation Research Program Committee.

Robin Bowerman

Robin BowermanHead of Market Strategy and Communications Vanguard Investments Australia

As Head of Market Strategy and Communications at Vanguard and a member of Vanguard’s Executive team, Robin is responsible for Vanguard’s marketing and corporate communications and plays a pivotal role in Vanguard’s market and product strategy development.

Prof Christine Brown

Christine-BrownHead of Banking & Finance Department, Monash University

Christine completed her PhD at the University of Melbourne and, prior to joining Monash University in 2010, held several positions at the University of Melbourne. She has also had visiting research positions at the University of Strathclyde, Queens University in Belfast and Manchester University.

Christine has served on the editorial board of three international journals, including the Global Finance Journal, and has consulted to the Australian Treasury and the Board of Taxation on security design and taxation issues. She has extensive experience in executive education, teaching for over ten years on the joint ANZ/University of Melbourne ‘Understanding Treasury Management’ program. Christine’s main research interests are in corporate finance, derivative pricing, infrastructure financing including PPPs, and financial institutions management.

Diane Brown

Diane BrownDivision Head, Financial System Division, The Treasury

Diane joined Treasury in May 2013, as a Principal Adviser in the Corporations and Capital Market Division of the Markets Group. She is now the Division Head of the Financial System Division.
Prior to Treasury Diane worked in a range of positions in the public and private sectors. Immediately before joining Treasury she was the Senior Executive Specialist – Corporate Governance at the Australian Securities & Investments Commission (ASIC) leading a team providing advice and research on corporate governance practices in Australian listed companies. Before that, she held positions as a company secretary at Caltex Australia Limited and Macquarie Bank Limited. In both of those positions, she worked closely with senior management and directors on corporate law and governance reforms and associated compliance programs. Diane has also operated a small business providing research and communications support for entities making government submissions.
Diane has also worked as a solicitor at the national law firm Freehill Hollingdale & Page, working in banking and corporate law, and commenced her career as an economics graduate at the Reserve Bank of Australia.

Jeff Brunton

Jeff Brunton AMPInvestment Director, Global Equities and Fixed Income, AMP Capital

Jeff is responsible for bringing AMP Capital’s investment thought leadership and insights from its capabilities across global equities and fixed income to retail and institutional clients. Jeff is also chair of the Credit Investment Committee, a member of the Infrastructure Investment Committee and a member of the AMP Capital Executive Committee. He was formerly Head of Global Credit at QIC.

Annabelle Butler

Annabelle ButlerManager – Affordability, Suncorp Group

Annabelle is an insurance industry professional with more than 17 years of experience, mainly in the public policy, consumer affairs and regulatory affairs disciplines. A lawyer by background, Annabelle recently established the first general insurance brand specifically for people who earn low incomes. She also chairs the ACFS Insurance Research Program Committee.

David Cox

David CoxHead of Government Relations, Challenger Limited

David has been Head of Government Relations at Challenger since 2005, and was previously the federal member for Kingston in the House of Representatives, as well as Shadow Minister for Revenue and Assistant Treasurer.

Tim Coyne

Tim CoyneOceania Financial Services Transaction Advisory Services Leader, Banking and Capital Markets Partner, EY

Tim is a Financial Services Partner specialising in banking and capital markets (major banks, mutuals and non-bank financial institutions), asset management and risk and regulatory management. He has worked offshore in the UK, Eastern Europe and Asia in the BCM sector as an external auditor and adviser.

Joan Fitzpatrick

Joan FitzpatrickPresident, Emergency Services and State Super (ESS)

Joan has an extensive record of achieving successful business outcomes in complex change environments. She completed 16 years as CEO and Director of the Australian and New Zealand Institute of Insurance and Finance (ANZIIF) in 2003.

Joan is an Executive Director with the Bevington Group. She holds several concurrent non-executive directorships including Director of the Victorian Managed Insurance Authority; Member of World Vision Australia’s Business Advisory Council; Director and Deputy Chair of the CREATE Foundation; Director of the South Australian Finance Authority; and Chair of the Australian Reinsurance Pool Corporation.

Prof Tim Fry

Tim Fry Head of School of Economics, Finance and Marketing, RMIT University

Tim is Professor of Econometrics in the School of Economics, Finance and Marketing and the leader of the College of Business Research Capacity Building Team. He specialises in the analysis of cross-section and longitudinal survey data, market modeling, measuring advertising effectiveness and discrete choice modelling.


Nicole Gamerov

Nicole GamerovClient Manager, Government and Globals, Swiss Reinsurance

Nicole is responsible for developing strategic relationships with all levels of government and public sector clients in Australia and New Zealand. Nicole started her professional career with Deloitte, and served as CFO of the JSE listed company Cadiz Investment Bank. She has a Bachelor of Commerce and a Post Graduate Diploma in Accounting from the University of Cape Town, and went on to obtain her Chartered Financial Analyst qualification in 1999.

Fiona Guthrie

Fiona GuthrieExecutive Director, Financial Counselling Australia

Financial Counselling Australia is the peak body for financial counsellors in Australia. Fiona has been involved with the consumer movement for over 25 years, including a number of years on the executive of the Consumers’ Federation of Australia. She is a former board member of Energex Retail, the Insurance Ombudsman Service and the Financial Ombudsman Service and a former Chair of ASIC’s Consumer Advisory Panel. Fiona is currently FCA’s representative on the ACCC’s Consumer Consultative Panel, a member of the Financial Literacy Board and on the board of Choice.

Christopher Kent

Christopher Kent Assistant Governor (Financial Markets) , Reserve Bank of Australia,

Christopher Kent is the Assistant Governor (Financial Markets) at the Reserve Bank of Australia, a position he has held since December 2016. In this role, he is responsible for the oversight of the Bank’s operations in the domestic and global financial markets, including the management of Australia’s foreign reserves. He briefs the Reserve Bank Board on developments in financial markets at the monthly Board meetings and participates as the Bank’s representative on the BIS Markets Committee and the BIS Committee on Global Financial Stability.
Prior to this, Christopher was the Assistant Governor (Economic) for five years and as such was the chief economic advisor to the Governor and the Board. Christopher has also worked as Head of Payments Policy Department and earlier as Head of Economic Research Department and he spent two years with the International Monetary Fund working on the Italian desk.
Christopher holds a PhD from the Massachusetts Institute of Technology and a Bachelor of Economics (Honours) from the Australian National University. He has authored numerous papers on the Australian economy and macroeconomic policy and edited a number of the Bank’s annual Conference Volumes.

David Knox

David KnoxSenior Partner, Mercer and Senior Actuary for Australia

David is the National Leader for Research at Mercer. He is currently the actuary to the Victorian and Tasmanian governments, the Western Australian public sector pension plan, and was the industry expert of the three- person team that conducted a review of military superannuation for the Australian government. He is author of the Melbourne Mercer Global Pension Index.

Steve Lambert

Steve LambertExecutive General Manager, National Australia Bank

Steve is a career wholesale banker working in all areas of financial markets with a strong emphasis on capital markets globally. Steve has had an international career with over 20 years leading diverse high-performance teams focused on providing innovative, interesting transactions to the investor and issuer communities.

David Link

Group Chairman & CEO, Verrency

As well as being an advisor and board member of firms in the global fintech space, David is a retired Managing Director of Accenture, where he held global practice leadership roles in Asia Pacific, Australia, Korea, France, and Benelux, primarily focused on financial services.

Zachary May

Zachary MayDirector of Policy, Industry Super Australia

Zak is ISA’s Director of Policy. Prior to joining ISA, Zak worked in senior roles for the United States Securities and Exchange Commission (SEC). Most recently, he provided strategic, policy and legal advice to Commissioner Luis Aguilar during the global financial crisis and subsequent regulatory reform. Before joining the SEC, he worked as an attorney at major law firms in the US. Zak holds a Doctorate of Law from New York University.

Eva Scheerlinck

Eva ScheerlinckChief Executive Officer, Australian Institute of Superannuation Trustees (AIST)

Eva Scheerlinck is CEO of the Australian Institute of Superannuation Trustees (AIST) – the peak body of the $700 billion profit-to-member superannuation industry.
Having joined the profit-to-member super industry in 2010 as AIST’s Executive Manager of Governance and Stewardship, Eva has been actively involved in reforming governance standards for superannuation funds in Australia. She has also been pivotal in driving industry-wide initiatives to improve outcomes for Indigenous Australians, having been the inaugural chair of the Indigenous Superannuation Working Group.
In addition to her past roles at AIST, Eva has previous experience heading up professional associations, including six years as CEO of the Australian Lawyers Alliance, a role that saw her named by BOSS Magazine as one of seven top young executives of the year.
Eva holds a Bachelor of Laws and Bachelor of Arts from the Queensland University of Technology, as well as a Graduate Diploma of Community Management from the University of Technology, Sydney. She was admitted as a solicitor in 2000.
Eva is also Chair of the Integrated Reporting International Pension Fund Network and serves on a number of not-for-profit boards.

Chris Whitehead

CEO & MD, FINSIA (Financial Services Institute of Australasia)

Chris has been Managing Director and CEO of FINSIA since October 2016. He has over 30 years’ experience in financial services and IT and was previously CEO of CUA and CEO of BankWest Retail. He also has extensive experience as a Non-executive Director in the payments, insurance, wealth management and IT sectors.

Daniel Mulino (Observer)

Daniel MulinoParliamentary Secretary for Treasury and Finance, Victorian Government (Observer)

Daniel’s career has been spent working in the area of economic policy in government and the public and private sectors. Daniel has also undertaken research as a Director of Policy at Pottinger, working on projects to advise the government. He has a PhD in Economics from Yale University (2005), a Master of Economics from the University of Sydney (Hons, 1st), and a Bachelor of Arts/Bachelor of Laws (Hons) from the Australian National University. He was elected to the Legislative Council on 29 November 2014 and has been Parliamentary Secretary for Treasury and Finance since 23 December 2014.