Insignia names committee chair successor
Insignia Financial has appointed Gai McGrath to replace outgoing Chair of the Group Risk and Compliance Committee and board member, Elizabeth Flynn, effective from 4 March 2024.
Also joining as an Independent Non-Executive Director, McGrath brings over 30 years of financial services and legal experience to the role, having held positions based in Australia, New Zealand and the UK.
“Gai brings significant expertise and governance experience to the Board, having had an extensive career in the financial services sector, both as an executive and as a director,” Insignia Financial Ltd (IFL) Chairman, Allan Griffiths, said.
“Elizabeth [Flynn] will be stepping down from the IFL Board in 2024, having joined the Board in 2015. We are delighted to have Gai join the Board and look forward to the valuable contribution she will make to the Group.”
McGrath also worked in several executive positions at Westpac Banking Group across its retail banking and wealth management divisions. Prior to her time at Westpac, McGrath was General Counsel and Company Secretary at Perpetual Limited.
McGrath’s appointment will be considered by shareholders at the company’s 2024 Annual General Meeting.
Insignia and compliance….you must be having a laugh! Her first job will be to attempt to unscramble and break the iron clad network of incompetence and protected species. Good luck, Gai..