The Efic Board is responsible for our corporate governance, managing our affairs and overseeing our operations. This includes establishing our corporate governance strategy, defining our risk appetite, monitoring our performance, making decisions on capital usage and dividend recommendations to the Minister for Trade, Tourism and Investment (Minister).
Our Board always ensures that a Board member does not participate in discussions where there is, or may be, a conflict between their own interests and those of Efic or one of our clients. We maintain a register updated with the disclosed interests of all Board Members.
The Minister is responsible for Efic, and is represented on the Board by the Secretary of the Department of Foreign Affairs (or their alternate).
Also sitting on the Board are seven non-executive directors, appointed by the Minister and our Managing Director – who is a full-time employee at Efic.
James M Millar
Chairman, Independent non-executive memberAppointed: 9/12/2014 to 8/12/2017
Qualifications: B.Com, FCA, FAICD
James Millar is the former CEO and Area Managing Partner of Ernst & Young in the Oceania region, and was a director of the Ernst & Young Global Board. His career prior to his leadership roles at Ernst & Young was as a corporate reconstruction professional for large and small businesses both within Australia and globally.
James is Chairman of The Smith Family and Forestry Corporation of NSW. He is a director of Mirvac Limited, Fairfax Media Limited, Helloworld Limited, Slater and Gordon Limited and Macquarie Media Limited. He is a member of the advisory boards of both Grant Samuel and the University of NSW School of Business, and a trustee of the Australian Cancer Research Foundation and the Vincent Fairfax Family Foundation.
Deputy Chairman, Independent non-executive member, Audit Committee memberAppointed: 9/12/2014 to 8/12/2017
Qualifications: MA, MBA
Nicholas Minogue retired from Macquarie Group in 2009 after a banking career spanning 32 years. Nick was Head of Risk Management at Macquarie for 10 years and a member of the Executive Committee for nine years. Nick worked in trade finance and corporate banking in London and Hong Kong before joining Macquarie.
Nick is Chairman of Morphic Asset Management Pty Ltd, a director of Social Enterprise Finance Australia, President of the Kangaroo Valley Arts Festival and a member of the NSW Aboriginal Land Council Economic Development Advisory Committee.
Managing Director & CEO EficAppointed: 1/9/2013
Andrew Hunter has had a career of more than 25 years in financial services.
Before joining Efic, Andrew held senior positions within Macquarie Group Limited.
From 2008 to 2010, Andrew was Macquarie Group London Office Head and Head of Macquarie Group Europe, following a move to London in 2003 as head of Macquarie’s corporate advisory business.
From 2011 to mid-2012, Andrew was Co-Head of Macquarie’s Financial Institutions Group in Australia.
Andrew originally joined Macquarie as part of the bank’s acquisition of Bankers Trust Australia in 1999 and focused on debt financings, including arranging finance for infrastructure assets such as Sydney Airport.
In his 10 years at BT, Andrew worked in Australia and Hong Kong in credit and risk management, structured finance and debt origination.
Independent non-executive member, Audit Committee ChairTerm of appointment: 1/8/2013 to 31/7/2016
Qualifications: BA, MBA, FAICD
Annabelle Chaplain is an experienced company director of publicly listed and private companies. She spent her executive career as an investment banker working on a variety of transactions for public sector and large corporate clients.
Annabelle is the chairman of Queensland Airports Ltd and Canstar Pty Ltd, a financial services research and ratings company.
She is a non- executive Director of Downer-Edi Ltd and chairman of KDR Gold Coast, the operator of the light rail on the Gold Coast and a director of Yarra Trams.
In the not for profit sector, she serves as a Councillor of the Institute of Company Directors, Qld Division and is a member of the Finance and Audit Committee for the Gold Coast 2018 Commonwealth Games.
Independent non-executive memberTerm of appointment: 13/05/2016 to 12/05/2019
Qualifications: B.Com, LLB (Hons), GAICD
Lynda is currently Director of Corporate Development and Mergers and Acquisitions at Pratt Holdings and has held other senior executive roles for the Pratt Group since 2005 including CFO of Visy Industries. Previously, Lynda was in investment banking for a decade and worked for JPMorgan in their New York, San Francisco, Sydney and Melbourne offices. She brings a broad commercial and international corporate finance perspective.
Lynda was Deputy Chair of South East Water and Chair of their Finance Audit and Risk Management Committee and is a current member of the Wesley College Council.
Lynda holds a Bachelor of Law (Honours) and Commerce majoring in actuarial studies and economics from the University of Melbourne.
Independent non-executive memberTerm of appointment: 5/11/2014 to 4/11/2017
Qualifications: B.Met (Hons +Uni medal), FTSE, FAIM, GAICD
Denise is the founder of Alternate Futures Pty Ltd, a company that connects solutions to problems by addressing knowledge, cultural and system barriers. In practice this means connecting Australia’s research organisations, tech start-ups and industry.
Prior to this, Denise worked as an executive for Rio Tinto, with roles including CCO Autonomous Haul Trucks, Managing Director of Dampier Salt and Managing Director HIsmelt. Denise started her career at BHP Steel Newcastle.
Denise is also Chairman of ChemCentre WA, a Non-executive Director for Arrium (ASX) and MRIWA, a member of Council and Chair of the Quality, Audit and Risk Committee at Edith Cowan University, a member of the Commercialisation Advisory Board for Curtin University and a trustee for the Navy Clearance Diver’s Trust. Among Denise’s honours is being named the 2010 Telstra Australian Business Woman of the Year.
Independent non-executive memberTerm of appointment: 9/12/2014 - 8/12/2017
Laura has overseen significant change, innovation and business growth since her appointment as General Manager of Bellamy’s in 2006 and subsequent appointment as Chief Executive Officer (CEO) in 2011 and Managing Director and CEO in 2014.
Laura has been a driving force in the company’s substantial growth and subsequent listing on the Australian Stock Exchange in August 2014. Laura’s time at the helm has overseen expansion into Asia via the setup of offices in Shanghai and Singapore.
Prior to joining Bellamy’s, Laura practised as an accountant and specialised in the areas of providing business advisory and taxation services. Laura holds a Bachelor of Commerce and in 2013 completed the IMD Leadership Challenge.
In 2013, Laura was named as the Telstra Tasmanian Business Woman of Year 2013 and she went on to be named the Telstra Australian Business Woman of Year for 2013 (Private and Corporate).
Independent non-executive member. Audit Committee MemberTerm of appointment: 9/12/2014 - 8/12/2017
Rick has over 44 years of commercial and international banking experience leading large frontline businesses in Australia, Japan, United Kingdom, Hong Kong and the USA and has served on NAB’s Group Executive Committee since 2009. He has deep experience in risk governance, financial markets (including capital markets, funding, liquidity and fixed income, money markets, FX and interest rate risk management); trading, sales and treasury functions.
Rick is a director of National Australia Group (Europe) Limited and Clydesdale Bank PLC. He has recently retired as Chairman and a Director of Great Western Bancorp, Inc; and a former member of the NAB Group Risk and Return Management Committee. Mr Sawers was former Chairman and board member of the Australian Financial Markets Association, is a fellow of the Financial Services Institute of Australia, a graduate member of the Australian Institute of Company Directors and a life member of the Financial Markets Foundation for Children."
Government member, represents the Australian Government, non-executive memberAppointed: 13 September 2016
Frances Adamson was appointed Secretary of the Department of Foreign Affairs and Trade on 22 July 2016. She took up the position in Canberra on 25 August 2016.
Prior to her appointment as Secretary, Ms Adamson was International Adviser to the Australian Prime Minister the Hon Malcolm Turnbull MP from November 2015.
From 2011 to 2015 Ms Adamson was Ambassador to the People’s Republic of China. She served in the Australian Consulate-General in Hong Kong in the late 1980s during the early years of China’s reform and opening. From 2001 to 2005, she was seconded as Representative to the Australian Commerce and Industry Office in Taipei.
Ms Adamson has twice served in the Australian High Commission in London, as Deputy High Commissioner from 2005 to 2008 and as Political Counsellor from 1993 to 1997.
She was Chief of Staff to the Minister for Foreign Affairs and then the Minister for Defence from 2009 to 2010.
She is married with four children.
Alternate Government member, represents the Australian Government, non-executive memberQualifications: B.Ec
Appointed: 22 September 2015
Mr Brown is a career foreign service officer in the Australian Department of Foreign Affairs and Trade. In his current position, he has overall responsibility for Australia's trade negotiations and policy agenda.
Mr Brown has held a number of positions in the Department over the course of his career, including Chief negotiator in free trade negotiations with Thailand and parallel trade and investment framework negotiations with China and Japan.
Mr Brown has also held positions in the Department dealing with multilateral trade negotiations, trade disputes and trade law, economic policy/analysis, bilateral relations with the countries of the Americas and Europe and consular and crisis management.
Overseas, his most recent posting was to Canada as High Commissioner. He has also had postings in Brussels, Los Angeles and Copenhagen.
He holds a Bachelor of Economics degree.