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Ted Evans AC, Chairman, The Westpac Group, Tuesday 18 May 2010

Chairman Series

Ted Evans Addressed a boardroom event for 60 senior business executives where he discussed “Economic Planning : Would Australia benefit if its governments were prepared to take a longer – term approach making to policy making?”. This event was generously hosted by Gilbert + Tobin and Message Stick.

Do the health, competitiveness and sustainability of Australia’s economy suffer from governments’ short termism in setting policy? Are politicians ruled by the election cycle rather than with an eye for intergenerational security?

There are few Australians more qualified to discuss these issues than Ted Evans AC, Chairman, The Westpac Group, who has a distinguished career in policy and business.

In policy, Ted rose through the ranks to the position of Secretary of the Australian Treasury. From 1976 to 1979 Ted was a member of the Australian Permanent Delegation to the OECD in Paris and, from 1989 to 1993, executive director on the Board of the International Monetary Fund, representing Australia and a number of other countries, mainly in the Asia Pacific region. He was a Director of the Reserve Bank of Australia from 1993 to 2001 and the Commonwealth Bank of Australia from 1993 to 1996.

In business, Ted now chairs The Westpac Group, one of Australia’s top 5 listed companies, which has branches and affiliates throughout Australia, New Zealand and the near Pacific region and maintains offices in key financial centres around the world including London, New York, Hong Kong and Singapore. The Westpac Group employs approximately 37,000 people and has global assets of approximately $590 billion with a market capitalisation as at 30 September 2009, of $77.2 billion.

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