The Australian Prudential Regulation Authority (APRA) has welcomed David Bradbury as he commences his role as APRA Deputy Chair today.

Mr Bradbury has been appointed for a five-year term and will oversee APRA’s work in superannuation.

Mr Bradbury said: “I am honoured to be appointed Deputy Chair of APRA and pleased to commence in the role. I look forward to working with the Executive Board, APRA colleagues and stakeholders to support APRA’s mandate, and ensuring Australia’s superannuation sector continues to deliver sound outcomes for members.”

Mr Bradbury’s appointment completes APRA’s new Executive Board, following the Treasurer’s July announcement appointing him and Therese McCarthy Hockey as Deputy Chairs. Ms McCarthy Hockey has been with APRA for eight years and became an APRA Member in October 2022.

APRA Chair John Lonsdale said: “I am pleased to welcome David to APRA. His deep experience in economic policy, regulation and public administration complements the Executive Board’s strong mix of prudential, financial markets, insurance, superannuation and public sector expertise.

“Together, APRA’s Members are well placed to oversee APRA’s work to maintain the safety and resilience of Australia’s financial system for the benefit of the community.”

Ms McCarthy Hockey will continue to oversee APRA’s work in banking, while APRA Member Suzanne Smith will continue to oversee general, life and private health insurance.