The Industry Super Network (ISN) has announced the appointment of Zachary May to its executive ranks as the director of regulatory policy. May will provide advice and direction in the fields of government regulation, strategy and policy development. He will also focus on banking, investment and financial markets regulation.
Before moving to the ISN, May worked with the Securities and Exchange Commission (SEC) in the United States. In his role at the SEC, he provided strategic policy and legal advice to Commissioner Luis Aguilar during the global financial crisis and the subsequent reforms to US financial regulation.
ISN chief executive David Whiteley said May would help the organisation fulfil its mandate of improving the retirement savings of the five million Australians who are members of industry funds.
"He brings with him a deep knowledge of financial markets and products combined with an understanding of the importance of consumer and investor protection," Whiteley said.
May's appointment comes as the ISN research, policy and economics team has added to its ranks. Darren Anderson will join the Sydney office as an economist, and Dr Christian Clark has taken up the position of research analyst in Melbourne.
The industry body has cautioned the government against implementing unnecessary regulations for private market investments, with ASIC currently exploring reforms in this space.
The industry fund has appointed Natalie Alford as its new chief risk officer, strengthening its executive team during a period of transformation.
The Super Members Council has outlined a bold reform plan to boost productivity, lift retirement savings, and unlock super’s full potential.
Women beginning their careers in 2025 could retire with hundreds of thousands of dollars more in super due to the 12 per cent super guarantee rate, HESTA modelling shows.