New Chair elected for the FSC

The Financial Services Council (FSC) has announced that Geoff Lloyd, CEO and managing director of Perpetual Limited, has been unanimously elected by the board as chair of the FSC, effective 21 July 2016.

Lloyd has held a number of positions within the FSC including co-deputy chair, deputy chair of the Administration & Risk Board Committee, deputy chair of the Nominations Board Committee and co-chair of the Advice Board Committee.

He replaces Greg Cooper, CEO of Schroder Investment Management Australia.

Commenting on Lloyd's appointment, Cooper said: "I leave the FSC Board in good hands as Geoff has made a significant contribution over many years."

He added: "With more than 25 years' experience in financial services and a passion for improving Australia's financial future, Geoff is the ideal person to help steer the FSC through its critical next phase."