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International Advisory Council

The ICFR is pleased to announce that it has made its first round of appointments to its newly formed International Advisory Council (“IAC”).  Comprising private and public sector experts interested in regulatory affairs from around the world the IAC will advise and inform the Board on general strategic direction and focus, and also on issues in their areas of expertise. While the IAC will only meet periodically, we anticipate their active participation of its members in informal consultations as well as participation in events and forums relevant to their work and geography.

The IAC will have around 10 members and the initial 7 members are detailed below.

Arthur Docters van Leeuwen

Region: Europe
Sector: Regulatory / Exchanges

Biography: Arthur Docters van Leeuwen is Senior Research Fellow at the Dutch School for Public Administration (NSOB), since December 2007. In that capacity he performs several evaluations, including the evaluation of the regulatory system of the Dutch Bar Association.

In 2008 he was appointed as member of the Supervisory Board of Aegon N.V., at the request of the government.   He helped create Holland Financial Centre in 2007 and was Chairman of the Board until 2009. From 1999 until 2007, Arthur Docters van Leeuwen was Chairman of the Board of the Financial Markets Authority (AFM). From 2001 to February 2007 he was Chairman of the Committee of European Securities Regulators. From 1995 to 1998 he was Chairman of the College of Procurators-General. From 1988 until 1995 he was Head of the Dutch Intelligence and Security Service.

Bob Wigley

Region: Europe
Sector: Banking 

: Currently Chairman of Yell Group plc and Sovereign Reversions plc. Also chairs the Global Advisory Board of the Oxford University Centre for Corporate Reputation and sits on the Advisory Council of Business for New Europe. Bob is a member of the Senior Practitioner Committee of the FSA, the Chairman’s Committee of the London Investment Banking Association, the Panel on Takeovers and Mergers and the Chancellor’s “wise men” group representing key financial stakeholders in London.


• Bob was senior VP and Chairman of ML Europe, Middle East and Africa Region Management Committee and sat on the Global Operating Committee and Client Coverage (2004-2009).

• Bob was a Member of the Court of the Bank of England and a member of its Risk Policy Committee; a non-executive Director of LCH.Clearnet and of Euroclear PLC; Deputy Chairman of Business in the Community; a non-executive Director and Chairman of the Audit Committee of the board of Royal Mail Group plc; and Chairman of BITC’s Education Leadership Team (2006-2009).  

Ethiopis Tafara

Region: Americas
Sector: Regulatory / Exchanges

Biography: Ethiopis Tafara is the Director of the Office of International Affairs. Mr. Tafara oversees the Commission's international regulatory policy and enforcement initiatives, working with foreign regulators and international organizations, as well as the US Securities & Exchange Commission's (SEC) other division and office directors with respect to the international aspects of the Commission's programs.

Over the past year, Mr. Tafara served as the Commission's Acting Director of the Office of International Affairs. He played a vital role in advising the Commission on the international implications of new Commission initiatives on corporate governance, auditor oversight and the creation of the Public Company Accounting Oversight Board, and attorney ethics. Mr. Tafara represents the Commission in the International Organization of Securities Commissions (IOSCO) and the Council of Securities Regulators of the Americas and has been a key player in the SEC's ongoing regulatory dialogue with the European Commission. He also worked to enhance the SEC's enforcement cooperation with its foreign counterparts through organizations such as the Financial Action Task Force and IOSCO's recent Multilateral Memorandum of Understanding Concerning Consultation and Cooperation and the Exchange of Information.

Mr. Tafara joined the Commission's staff in 1999 as an Assistant Director in the Office of International Affairs.  Prior to joining the SEC, Mr. Tafara was counsel to the chairperson at the U.S. Commodity Futures Trading Commission and also served in the CFTC's Division of Enforcement. He began his legal career in Cleary, Gottlieb, Steen and Hamilton's Brussels office, where he worked on trade and competition matters. Mr. Tafara received his A.B. from Princeton University and his law degree from the Georgetown University Law Center.

Malcolm Knight

Region: North America & Europe
Sector: Banking and Regulation

Biography: Dr. Knight has joined the six initial members of the council selected in June 2010 to provide strategic advice to the Board and use their areas of expertise to inform the work of the ICFR.

Malcolm Knight has served as Vice Chairman of Deutsche Bank Global Group since June 2008 and is Visiting Professor in Finance at the London School of Economics and Political Science. Previously Dr. Knight was the General Manager and CEO at the Bank for International Settlements and held various positions at the Bank of Canada and the International Monetary Fund. Dr. Knight is a member of the Board of Directors of Swiss Reinsurance and a Trustee of the International Valuation Standards Council. 

Mark Tucker

Region: Europe
Sector: Insurance

Biography: As Group Executive Chairman & Chief Executive Officer of AIA Group Limited, the largest independent, listed pan-Asian life insurance group in the world, Mark Tucker is responsible for building on AIA’s unparalleled platform across 15 markets and its rich history to create a pre-eminent life insurance provider with an exclusive focus on the Asia Pacific region.

Prior to that, Mark was the Former Group Chief Executive of FTSE50 Prudential Plc, the UK’s largest quoted life insurance company with a market capitalisation of circa £14bn and a global force in life insurance and asset management.

Mark presided over five years of real growth (achieving a total shareholder return of +27% which has comfortably outperformed all key UK & European competitors and all the principal UK and global market indices throughout this period).
Before joining Prudential, between 2004 and 2005, Mark was Group Finance Director at HBOS having previously spent 17 years with Prudential in various appointments in the UK, USA and Hong Kong, latterly as Chief Executive of Prudential Corporate Asia Ltd.  Mark’s early career was with Price Waterhouse as a Tax Consultant.    

Mark is a Non-Executive Director of Court of Bank of England and its Financial Stability Committee; member of the UK Government’s Asia Task Force; member of International Centre for Financial Regulation (ICFR) International Advisory Committee since  January 2010, Mark  is also a non Executive Director of the Edinburgh International Festival.

Peter Praet

Region: Europe
Sector: Banking

Biography: Peter Praet was appointed executive director of the National Bank of Belgium in 2000 and is responsible for financial stability. In 2002, he was also appointed to the Management Committee of the Belgian Banking, Finance, and Insurance Commission (CBFA), where he is responsible for prudential policy for banking and insurance.

Before joining the National Bank, Mr. Praet served as chief of cabinet for the Belgian Minister of Finance from 1999-2000, as chief economist of Générale de Banque and Fortis Bank from 1988-1999, as professor of economics at the Université Libre de Bruxelles from 1980-1987, and as economist at the International Monetary Fund from 1978-1980. Mr. Praet earned a Ph.D. in economics from the Université Libre de Bruxelles in 1980. He currently teaches money and banking at the Université Libre de Bruxelles, and from 2001-2004 he held the Chair of Business Ethics at the Faculté polytechnique and the Solvay Business School of the Université Libre de Bruxelles.

Mr. Praet serves on several high-level international committees, including the Basel Committee on Banking Supervision, the Committee on Payment and Settlement Systems, the Committee on the Global Financial System, the Committee of European Banking Supervisors, and the Banking Supervision Committee of the ESCB as Chair. He is an alternate director of the Committee of G10 Governors and the International Monetary and Financial Committee. He is also co-chair of the Research Task Force of the Basel Committee on Banking Supervision.

Mr. Praet is a member of the board of the European think tank Bruegel (Brussels European Global Economic Laboratory).

Katherine Tsang

Region: Asia
Sector: Banking

Biography: Katherine Tsang joined Standard Chartered Bank in 1992 and has held various positions in the Bank since then. She has a strong track record in consistently delivering superior business performance and in developing and managing people to achieve their potential. In her career, she has held global and regional roles focused on the Asia Pacific region, South Asia, the Middle East, Africa, the United Kingdom and the Americas.

She is currently Chairperson for Greater China, Standard Chartered Bank and plays an important leadership role in driving the Bank’s strategic growth in the region. Concurrently, she is Chairperson of the Boards of Standard Chartered China and Taiwan and a Board Member of Standard Chartered Hong Kong. Katherine also sits on the Boards of Baoshan Iron & Steel Co. Limited and Gap Inc and is a member of the City of London Advisory Council for China and the London based International Centre for Financial Regulation’s International Advisory Council.

Prior to her current appointment, Katherine was Executive Vice Chairman and CEO of Standard Chartered Bank in China. The Bank’s China franchise grew significantly and achieved unprecedented financial performance under her leadership. She successfully implemented a series of key projects which helped the Bank to establish a sustainable business in China.

From 1992 to 2005, Katherine held different global and regional Human Resources roles where she was responsible for the management and development of the Bank’s key, critical resource – its people.

Before joining Standard Chartered, Katherine worked in a number of organizations in both the public and private sectors including Acro Chemical Asia Pacific, Kowloon-Canton Railway and the Hong Kong Government.

Born in Hong Kong and educated in Hong Kong and Canada, Katherine holds a Bachelor of Commerce Degree from the University of Alberta, Canada.