APCA Board


The APCA board is responsible for setting the company's strategic direction and corporate governance. The board's mandate is to act in the best interest of the overall payments system.

The Board comprises an independent chair, the chief executive officer, two additional independent directors, eight non-executive directors appointed or elected by APCA's members, and a representative of the Reserve Bank.

Each member that has more than 5% of payments system market share in three or more recognised payment systems is entitled to appoint one non-executive director in its own right. Members with less than 5% are entitled to collectively elect up to two non-executive directors. Building society and credit union members are currently entitled to appoint one non-executive director each.

Meet the Board

 

Robert Craig

Robert Craig
BSc (Hons), BCA, MAICD
Chair

Mr Craig was appointed a director and independent Chair of APCA in January 2014. Prior to 2008, his 25-year career in financial services included senior roles at Westpac Banking Corporation, National Australia Bank, Bank of New Zealand and National Westminster Bank.

Stuart Woodward

Stuart Woodward
BA (Hons), F Fin, GAICD
Deputy Chair

Mr Woodward is General Manager, Payments Representation, Cash-Flow and Transaction Services, Institutional Banking and Markets, Commonwealth Bank of Australia. He was appointed by the Commonwealth Bank of Australia as a director in February 2005.

Simon Babbage

Simon Babbage
B Comm (UNSW) M Comm (UNSW), CPA

Mr Babbage is the Country Head Global Liquidity and Cash Management at HSBC Bank Australia Limited. He represents the Electing Members, and has been a director of APCA since October 2016.

Michelle McPhee

Michelle McPhee
B BUS (Hons) GAICD

Ms McPhee is the Head of Banking at the Reserve Bank of Australia. She was appointed by the Reserve Bank of Australia as a director in February 2017.

Chris Campbell

Chris Campbell
B Ec, M Bus (Finance), MAICD

Mr Campbell is Head of Payments Policy and Strategy at Westpac Group. He was appointed by Westpac Banking Corporation as a director in April 2003.

Jennifer Clark

Jennifer Clark
FAICD

Ms Clark has an extensive background in business, finance and governance through a career as a Non-Executive Director since 1991 and as a Banker for over 20 years. She was appointed as an independent director in June 2014.

Anne Collard

Anne Collard
B Ec (Hons), MAICD

Ms Collard is Head of Payments Industry & Capabilities, Wholesale Digital & Transformation, Australia and New Zealand Banking Group Limited. She was appointed as a non-executive director in September 2016.

Rosanna Fornarino

Rosanna Fornarino
MBA, MAICD

Ms Fornarino is General Manager Payments Reconciliations and Logistics, National Australia Bank Limited. She was appointed by National Australia Bank as a director in April 2016.

Leila Fourie

Leila Fourie
PhD Economics and Financial Science

With over 20 years of international experience, primarily in financial services, Dr Fourie has served on multiple boards and held senior roles in banking, capital markets and payments. She was appointed as CEO of APCA on 12 September 2016.

David Jay

David Jay
B Ec, MBA, FCPA, F Fin, FAMI, MIIA, GAICD

Mr Jay is Chief Executive Officer of Australian Settlements Limited. He represents Building Society members, and has been a director of APCA since August 2010.

Craig Kennedy

Craig Kennedy
MBA (Heriot Watt, Edinburgh), GAICD

Mr Kennedy is Managing Director, Cuscal Limited. He was appointed as a non-executive director in August 2016.

Kees Kwakernaak

Kees Kwakernaak
MSc

Mr Kwakernaak is the Managing Director Global Transaction Services at Bank of America National Association. He represents the Electing Members, joining the APCA board in October 2016.

Kate Mulligan

Kate Mulligan
BA, LLB (Hons), MAICD

Ms Mulligan has more than 28 years’ experience in Financial Services business and the law, including senior roles at Allens, St George Bank and ANZ. She was appointed as an independent director in June 2014.