Callum McCarthy Appointed As Trustee of IFRS Foundation

Jack Humphrey, Regulatory journalist
April 26, 2012 /

The Trustees of the IFRS Foundation, responsible for the governance and oversight of the International Accounting Standards Board (IASB), announced the appointment of Sir Callum McCarthy to serve as a Trustee.

Sir Callum currently serves as a non-executive director of Industrial and Commercial Bank of China, IntercontinentalExchange and the UK HM Treasury. Between 2003 and 2008 he served as Chairman of the Financial Services Authority (FSA), the UK financial services regulator.

In his 40-year career, Sir Callum has held many senior leadership positions in the financial services sector. He began his career as a civil servant, spending 13 years with the Department of Trade and Industry before moving into investment banking, working at Kleinwort Benson and then Barclays. He was CEO of Barclays Japan from 1993 to 1996 and Barclays USA from 1996 to 1998.

Sir Callum is a graduate of Oxford, Stirling and Stanford Universities.

The appointment, approved by the IFRS Foundation Monitoring Board, begins immediately and will expire on 31 December 2014. The term is renewable once.

Commenting on the appointment, Robert Glauber, Chairman of the Trustees’ Nominating Committee, said: “Sir Callum is a greatly experienced individual who has served in senior leadership positions in Europe, Asia and the United States, across both the public and private sectors. His insight and knowledge will be invaluable in aiding the work of the Trustees.”

Sir Callum McCarthy said: “I am delighted and honoured to be appointed as a Trustee of the IFRS Foundation and look forward to contributing fully to the important work undertaken by the organisation.”


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