The new appointee to the FBAA executive team previously served on ASIC’s financial services team.
The Finance Brokers Association of Australasia (FBAA) has appointed compliance specialist and former Australian Securities and Investments Commission (ASIC) manager David Carson to a new regulatory engagement group.
Aimed at giving brokers a stronger voice with governments, regulators, consumers, and other industry stakeholders, the group will be led by FBAA managing director Peter White AM and will also include unnamed external specialist media, marketing, and legal support.
A qualified lawyer, Carson’s title is regulatory compliance specialist, and he will sit on the executive team.
Carson has client-facing experience in stockbroking and financial planning and worked at the financial services regulator ASIC for nearly 10 years.
While there, he served in ASIC’s financial services enforcement team as an investigator. He was also an inaugural member of ASIC credit staff when the regulation of consumer credit transitioned from state to federal level.
He has also participated in treasury working groups for Future of Financial Advice (FOFA) reforms and Phase 2 credit reforms.
The appointment expands and extends Carson’s 10-year working relationship with the FBAA.
White said Carson brought exceptional credentials to the role.
“David will be working closely with me and our leadership team on submissions to all governments – federal, state and territories, and into New Zealand – helping to ensure the FBAA continues to advance the interests of brokers and consumers,” he said.
Commenting on the new regulatory engagement group, White added: “This team is a force to be reckoned with like no other, and will not only deepen our footprint and engagement with regulators and ministerial office staff, but deliver stronger proactive member and industry awareness to what we do in this space.
“The FBAA represents the majority of individual finance and mortgage brokers across Australia and we will now be harnessing this power and leverage for even greater impact.”
Carson said he was honoured by the opportunity to lend his experience in regulation and compliance to the FBAA’s advocacy efforts.
“This is an excellent opportunity to work more closely with my good friends at the FBAA, building on the already strong relationships the association has forged with government, regulators and other stakeholders,” he said.
“We all benefit when new laws and regulatory requirements are developed off the back of informed discussion and where the interests and full impacts on affected sectors are thoroughly understood.”
Last month, the FBAA revealed that membership at the association had surged 19.5 per cent over the past year to hit 13,298 members at the close of the financial year, a record high for the body.
White hailed educational initiatives and professional development opportunities for driving membership growth.
[Related: FBAA membership jumps 20% to hit record]
