APRA deputy chair Margaret Cole to leave next year
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The news: Deputy chair of the Australian Prudential Regulation Authority (APRA), Margaret Cole, has advised Treasurer Jim Chalmers of her intention to leave the regulator at the end of her current term which expires on 30 June 2026.
The context: Cole, who joined the APRA in 2021, said it was a "difficult decision" to leave.
What they said: “It has been a difficult decision to move on from such a critical role in a highly respected regulator with first rate colleagues and a vital mission for Australia and its people,” she said.
“But leadership is about taking the right decisions at the right time and leaving the enduring organisation in a strong position to face future challenges.”
APRA chair John Lonsdale commented: “APRA has benefitted from successive appointments to the board with deep knowledge of the financial system.
“Margaret has also brought extensive experience across the private and public sector and in jurisdictions outside Australia.
“This expertise has been invaluable to APRA and I thank Margaret for her leadership, support and the contribution she has made.”
The source: APRA media release
