The Federal Government has appointed Brian Wilson as the Chair of the Foreign Investment Review Board for a five-year term starting on 16 April.

 

Mr Wilson will replace John Phillips who will retire from the Board at the end of his term having served in the role for 15 years.

 

“I would like to take this opportunity to thank Mr Phillips for his outstanding contribution to public policy over many years. Mr Phillips' invaluable leadership of the FIRB follows a very distinguished career in the public, finance and business sectors, including in his role as Deputy Governor of the Reserve Bank of Australia (RBA) between 1987 and 1992,” Treasurer Wayne Swan said.

 

Mr Wilson has been a member of the FIRB since 2009 and possesses what Mr Swan calls ‘extensive financial services experience’, having worked with both the funds management and investment management sectors.

 

“ In his 33 year career as an investment banker, Mr Wilson specialised in corporate financial advice, advising many of Australia's top 100 companies and numerous international groups. He is a former Australian managing director of the global investment bank Lazard and a former vice chairman of Citigroup Australia,” Mr Swan said.