What are the new executive appointments at the Australian Prudential Regulation Authority?

The Australian government appointed Therese McCarthy Hockey and David Bradbury as joint Deputy Chairs of the Australian Prudential Regulation Authority. Both executives will serve a five-year term at the financial regulator.

Why did the government appoint new Deputy Chairs to the Australian Prudential Regulation Authority?

The Australian government appointed the new leaders to manage emerging financial, technological, and geopolitical risks facing the domestic financial system.

What are the primary industry oversight responsibilities at the Australian Prudential Regulation Authority?

Therese McCarthy Hockey will oversee banking activities, while David Bradbury will manage the superannuation sector for the Australian Prudential Regulation Authority.

What are the start dates for the new leadership roles at the Australian Prudential Regulation Authority?

Therese McCarthy Hockey will begin her role at the Australian Prudential Regulation Authority on July 9. David Bradbury is scheduled to start his position at the agency on Sept. 1.

What is the total value of financial assets supervised by the Australian Prudential Regulation Authority?

The Australian Prudential Regulation Authority supervises financial institutions holding more than $9 trillion in assets. These assets belong to Australian bank depositors, insurance policyholders, and superannuation fund members.

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Treasurer appoints two new APRA deputy chairs

Written by Heidi Cuthbert Published Jul 3, 2026, 4:45 AM

The Australian government appointed Therese McCarthy Hockey and David Bradbury as new joint deputy chairs of the prudential regulator.
The appointments will fill senior leadership roles at the agency for a five-year term.
The new leaders will split industry oversight across banking and superannuation to manage emerging financial and geopolitical risks.

The Australian Prudential Regulation Authority welcomed the federal Treasurer's announcement appointing two new joint Deputy Chairs to five-year terms to lead the financial regulator.

The decision introduces new leadership to the board after recent shifts in regulatory oversight across Australia's banking and superannuation sectors.

"The Treasurer’s appointments provide a strong and capable board of APRA Members to protect Australian depositors, insurance policy holders and superannuation members," said APRA Chair John Lonsdale.

Under the new structure, McCarthy Hockey will oversee banking activities from July 9, while Bradbury will manage the superannuation industry starting 1 September 2026.

The agency stated that these appointments aim to maintain the safety of the local financial system amid a volatile global economic environment.

Following the announcement the APRA share price was unchanged at $0.00.

The regulator supervises institutions holding over $9 trillion in assets for Australian depositors, policyholders, and superannuation fund members.

Over the past year, the agency has focused heavily on strengthening cyber resilience, reviewing capital frameworks, and monitoring liquidity risks across the domestic banking sector.