Former Australian Securities and Investments Commission (ASIC) chairman David Knott has been appoint...
Former Australian Securities and Investments Commission (ASIC) chairman David Knott has been appointed chief executive officer of the Dubai Financial Services Authority (DFSA).
For the past three years Knott has been executive chairman of the ASIC. The ASIC is responsible in Australia for all conduct and governance issues, the operation of securities markets, takeovers, financial reporting, market, disclosure and consumer protection. He was also chairman of the Technical Committee of the International Organisation of Securities Commissions (IOSCO). His term is for an initial three years and is subject to renewal.
Lord Home, the son of the former British prime minister Sir Alec Douglas-Home is to also join the board of the DFSA. He has held both senior business and senior political posts. His business career includes the chairmanship of Morgan Grenfell International, a directorship of Deutsche Morgan Grenfell, chairmanship of Coutts and a directorship of Man. Lord Home has also been a Trade & Industry spokesman for the Conservative Party in the UK House of Lords.
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