APRA is the prudential regulator of banks, credit unions, building societies, insurance companies, friendly societies and superannuation funds.

APRA is a statutory authority. Its Executive Group of three members appointed by the Treasurer, are responsible for determining goals, priorities and strategies.  

Dr John Laker, Chairman
BEcon (Hons 1) (Syd), MSc PhD (London)

Dr Laker was appointed as a Member and Chairman of APRA on 1 July 2003, and was reappointed for a second five-year term commencing 1 July 2008.  

Dr Laker worked in the Commonwealth Treasury and International Monetary Fund before joining the Reserve Bank of Australia (RBA) in 1982.  He held senior positions in the economic, bank supervision and international areas before becoming the RBA’s London-based Chief Representative in Europe from 1991 to 1993. On his return to Australia, Dr Laker took up the position of Assistant Governor (Corporate Services) and, in 1998, was appointed Assistant Governor (Financial System) and Deputy Chair of the RBA's Payments System Board.  Dr Laker is APRA’s representative on the Payments System Board, the Council of Financial regulators and the Trans-Tasman Council on Banking Supervision.  Dr Laker was made an Officer of the Order of Australia on Australia Day 2008 for services to the regulation of the Australian financial system and to the development and implementation of economic policies nationally and internationally.

Mr Jones was appointed as a Member and Deputy Chairman of APRA on 1 July 2003, and was reappointed for a second five year term, commencing 1 July 2008.

Prior to joining APRA, Mr Jones held the position of Commissioner at  the Australian Competition and Consumer Commission (ACCC) with responsibilities for mergers and acquisitions and telecommunications.  Mr Jones was an Associate Professor in the School of Finance and Economics at the University of Technology Sydney (UTS) and is a former Chairman of the International Air Services Commission.  He is President of the International Organisation of Pension Supervisors, Deputy Chairman of the OECD Working Party on Private Pensions and a member of the International Network for Financial Education, and until recently was a member of the Singapore Central Provident Fund Advisory Panel.

Mr John Trowbridge, Member
BSc, BE, BA, FIA, FIAA

Mr Trowbridge was appointed as a Member of APRA on 1 July 2006 and recently accepted an extension of his appointment for a further year.  

Mr Trowbridge founded Trowbridge Consulting in 1981, a firm which became a leading actuarial and management consulting firm during the next 20 years.  In his time as a consultant, Mr Trowbridge's clientele included all major Australian insurance companies, banks and wealth management companies, governments or government authorities in all Australian States and New Zealand, and numerous major industrial organisations.  He was President of the Institute of Actuaries of Australia in 1998 and served as a member of the Treasurer's Financial Sector Advisory Council from 1998 to 2004.  He has also held senior executive positions with two insurers (QBE Insurance and Suncorp) and has been a director of Munich Reinsurance in Australia.  Mr Trowbridge is a member of the Financial Reporting Council and of the Executive Committee of the International Association of Insurance Supervisors.