When the Australian Prudential Regulation Authority appointed Jane Magill to run its banking and general insurance arm in May 2023, it seemed thrilled to foreground her private sector experience.
Magill joined the banking and super watchdog after “a long career with Macquarie” in London and New York, APRA wrote in her bio on its website and in a media release. Her most recent gig at the silver donut was as global head of business operational risk in its commodities and markets group, which involved “transforming the first line of defence risk function” at the bank.