APRA Members

Chair

John Lonsdale

John Lonsdale was appointed Chair of APRA on 31 October 2022 after originally joining as Deputy Chair on 8 October 2018.

In his Deputy Chair role, Mr Lonsdale was responsible for the oversight of Australia’s banking sector. His responsibilities also included oversight of APRA’s work on culture and remuneration, building APRA’s crisis resolution capability and strengthening APRA’s collaboration with peer regulators

Mr Lonsdale worked for Australian Treasury for over 30 years prior to joining APRA. He was a member of Treasury’s Executive and, in his role as Deputy Secretary, Markets Group, he had responsibility for financial system, consumer and foreign investment policy. In 2014, he led the Secretariat to the Financial System Inquiry based in Sydney. Mr Lonsdale also worked across key areas in the Treasury including budget policy, tax policy, retirement incomes and the financial system.

Mr Lonsdale is APRA’s representative on the Payments System Board, the Council of Financial Regulators, the Trans-Tasman Council on Banking Supervision and the Financial Stability Board’s Standing Committee on Supervisory and Regulatory Cooperation.

APRA Member

Therese McCarthy Hockey

Therese McCarthy Hockey was appointed Executive Board Member of APRA on 31 October 2022, with responsibility for the banking sector. She is an APRA representative of the Basel Committee on Banking Supervision and sits on the Council of Financial Regulators and the Trans-Tasman Council on Banking Supervision.

Ms McCarthy Hockey joined APRA in January 2018 as the Executive General Manager: Strategy and Chief Risk Officer. In December 2019, she was promoted to Executive Director of the Banking Division, responsible for the prudential supervision of all authorised deposit-taking institutions operating in Australia and for the functional domains of market risk, credit risk, credit analytics, liquidity risk and capital management.

Ms McCarthy Hockey’s experience spans Australia, the United Kingdom and Europe. Prior to joining APRA, she was Deutsche Bank’s Treasury Deputy Group Head and Global Chief Operating Officer based in London. Ms McCarthy Hockey has also served on the boards of Deutsche’s UK subsidiaries, including the regulated bank.

Ms McCarthy Hockey holds a Bachelor in Mathematics, a Bachelor in Economics and Finance, and a Master of Applied Finance degree from Macquarie University. She is also a graduate of the Australian Institute of Company Directors.

APRA Member

Suzanne Smith

Suzanne Smith was appointed Executive Board Member of APRA on 31 October 2022, responsible for the life insurance, general insurance and private health insurance sectors. She represents APRA at the International Association of Insurance Supervisors (IAIS) as Chair of the IAIS Audit and Risk Committee, and as a member of the IAIS Executive Committee.

Ms Smith joined APRA in March 2019, initially as General Manager for Superannuation and then Executive General Manager for the Specialised Institutions Division. In December of that year, she was promoted into the Executive Director role with responsibility for the prudential supervision of superannuation funds licensed under the Superannuation Industry (Superannuation) Act 1993.

Prior to joining APRA, Ms Smith’s career included senior roles across the superannuation and financial services industry in areas including life insurance, funds management, asset servicing, alternative investments, wholesale banking and property.

Immediately prior to joining APRA, Ms Smith held the role of Chief Customer Officer Group Insurance at MLC Life Insurance. She has also held several senior roles within NAB, including acting as a director and Chair of a NAB subsidiary board from 2011 to 2015.

Ms Smith holds a Bachelor of Business with distinction (Property), a Masters of Applied Finance from Melbourne University, and is a graduate of the Australian Institute of Company Directors.

APRA Executive Directors

Executive Director, General Insurance and Banking

Peter Diamond

Peter is a deeply experienced banking executive with 25 years’ involvement in both the commercial sector and in regulation.

He joined APRA in 2020 and has held several leadership positions in its banking division across entity supervision and the specialist financial risk teams.

Peter enjoyed a long career with Deutsche Bank in the UK prior to relocating to Australia. This includes in global leadership roles within the Debt Capital Markets business with responsibility for Sovereign, Supranational and Agencies, and across its Financial Institutions Group. By nature of his experience, Peter has deep technical knowledge of global capital markets and related frameworks, which support the maintenance of stability in the banking system. During his time with Deutsche Bank, Peter provided strategic advice to a wide variety of banks and insurance companies and executed a range of complex and innovative financial transactions across all the major markets. He has a broad and deep understanding of risks that entities face and manage.

Over the course of his career, Peter has also held roles with Royal Bank of Scotland and Merrill Lynch.  He has a strong interest in fintech, AI and related technologies.

Peter is a keen runner and enjoys ultramarathons in his spare time.

Executive Director, Chief of Staff and Enterprise Services

Clare Gibney

Clare joined APRA in 2019 and is the Executive Director, Chief of Staff & Enterprise Services.  Prior to her current role, Clare was the Executive Director in APRA’s Policy & Advice division, and a senior executive in Banking Supervision and Resolution.

Clare has over 30 years’ experience in senior legal, regulatory, risk, governance and corporate services roles across financial services industries in Australia, UK and US.

Clare has held a number of directorships in corporate, financial services and cultural institutions, including currently in the Audit & Risk committee of the State Library of Victoria.

Her qualifications include a Bachelor of Arts & Law and a Masters of Law from the University of Melbourne; and memberships / program completion with the Australian Institute of Company Directors (AICD); Chief Executive Women; Aust. & NZ School of Govt.; and Harvard Business School.

Executive Director, Cross-Industry Risk

Chris Gower

Chris joined APRA in 2013 and holds the role of Executive Director, Cross-Industry Risk.

Chris has held various senior roles across APRA’s different functions. He has a deep understanding of prudential regulation, end-to-end supervision, enforcement and resolution activities.

Prior to joining APRA, Chris worked at the Bank of England for several years following the global financial crisis, and prior to that as a lawyer in London.

Chris has degrees in law from the University of Manchester and University of Cambridge.

Executive Director, Policy and Advice

Peter Kohlhagen

Peter Kohlhagen joined APRA as a graduate in 2005. Prior to his current role, Peter has held senior leadership roles in APRA’s Superannuation, Insurance and Policy and Advice Divisions. He has had extensive international experience in various roles at the International Association of Insurance Supervisors (IAIS), including representing APRA on the Policy Development Committee and the Audit and Risk Committee. He was the immediate past Chair of the Asian Forum of Insurance Regulators.

Peter holds bachelor's degrees in law and economics from the Australian National University and a master's degree in applied finance from Macquarie University. He is a graduate of the Harvard Business School General Management Program, a Graduate Member of the Australian Institute of Company Directors, having graduated from their course with Order of Merit, and a Fellow of the Governance Institute of Australia.

Executive Director, Life, Private Health Insurance and Superannuation

Jane Magill

Jane joined APRA in May 2023 as Executive Director, Chief of Staff and Enterprise Services before moving into frontline supervision leadership in August 2024. She led the General Insurance and Banking supervision team, prior to her current role as Executive Director, Life, Private Health Insurance and Superannuation which she commenced in January 2026.

She has over 30 years’ experience across banking, funds management and commodity trading with broad risk management and commercial leadership experience in Australia, Europe and the Americas at institutions including Macquarie, Bankers Trust, Commonwealth Funds Management, Japan’s Sanwa Bank and Wood Gundy.  She has held a range of other senior leadership roles including executive and non-executive director in both listed and private entities. Prior to joining APRA, Jane was Global Lead – Business Operational Risk, Commodities and Global Markets Group at Macquarie.

Jane is passionate about diversity, and has championed programs to improve gender inclusion, to celebrate cultural, linguistic and neurodiversity, as well as to highlight various social impact causes.

Jane has a Master of Arts (Natural Sciences) from University of Cambridge and is a graduate of the Australian Institute of Company Directors.

Executive Director, Data, Technology and Security

Bruce Young

Bruce joined APRA in 2020 and is the Executive Director, Data, Technology and Security.

He started his career at APRA as the General Manager of Operational Resilience and served as chair of the Council of Financial Regulators Cyber Security working group. Prior to joining APRA, he was Chief Risk Officer for various functions at the Commonwealth Bank of Australia, including IT and Group Operations. He also held roles at EY Australia, South Africa and USA, and the position of partner for sixteen years.

Bruce has more than 30 years’ experience in managing business operations, with expertise in technology, cyber, operational and compliance risk, including audit and assurance and dealing with boards and regulators.