Speculation is rife that former chief executive of NAB Wealth & MLC Steve Tucker will pop up on the Financial System Inquiry’s four-person committee, which will be announced in mid-December.
Tucker, who left NAB in March after 25 years, declined to comment on the matter but said he was keen to make a contribution to financial services.
Tucker is currently focused on the imminent public listing of education company Vocation, of which he is a non-executive director.
The Vocation IPO is set to raise $300 million when it floats before the end of the year.
“I’m still keenly interested in financial services and I always want to make a contribution but at the moment I’m focused on my role as a director of Vocation which will be floating in the next couple of weeks,” Tucker told Professional Planner Online.
Vocation is chaired by former federal education minister John Dawkins, and backed by chair of SAS Trustee Corporation and director of State Super Financial Services Michael Carapiet.
On Wednesday, the government named former Commonwealth Bank of Australia chief executive and Future Fund chair David Murray to head the inquiry. In a joint announcement, Prime Minister Tony Abbott and Treasurer Joe Hockey said Murray would head a committee of “four eminent Australians drawn from the finance, business and academic sectors”.
The committee will also draw on the expertise of a Special External Council comprising five international business people to specifically advise on matters relating to international competitiveness and offshore regulatory frameworks and related issues.
The inquiry’s draft terms of reference were also released, stipulating that it would aim to be “consistent with financial stability, prudence, integrity and fairness”.
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