Former AMP chair joins Crennan’s new shop
Former ASIC deputy chair Daniel Crennan has set up a consultancy with former AMP chair John Fraser joining the new business.
The firm branded Credi includes Crennan as principal consultant; barrister Andrew Di Pasquale and Fraser who joins a ‘specialist panel’. Fraser was chair of AMP but resigned following shareholder revolt over the handling of sexual harrassment complaints regarding head of AMP Capital Boe Pharai.. Fraser was also the secretary of the Department of Treasury and retired in 2018. He was also a board member of the Reserve Bank member of the Australian Council of Financial Regulators. He is also a non-executive director at Judo Bank.
Crennan left ASIC after in October following concerns regarding $70,000 in expenses he claimed for moving up from Melbourne to Sydney. Crennan has since paid the amount and had said it was always his intention to retire from the regulator ahead of his five-year term. A review into the handling of the government's inquiry as highlighted some shortcomings.
The business describes itself as a “a boutique consultancy for complex commercial and regulatory environments”.