APRA names new deputy chair

The Australian Prudential Regulation Authority (APRA) has appointed David Bradbury as deputy chair to oversee its superannuation work. He joined the prudential regulator this month for a five-year term, sitting alongside deputy chair Therese McCarthy Hockey who will oversee work in banking.

Bradbury previously spent 10 years at the OECD focused on tax policy, as well as a brief period as assistant treasurer from March 2012-September 2013 as part of a six-year career with the Australian Government.

His appointment follows the exit of Margaret Cole who concluded her five-year term earlier this year. APRA‘s focus in the superannuation space includes the annual performance test, data transparency, cybersecurity, and tighter oversight of unlisted asset valuations.

Bradbury said: “I am honoured to be appointed deputy chair of APRA and pleased to commence in the role. I look forward to working with the executive board, APRA colleagues and stakeholders to support APRA‘s mandate, and ensuring Australia’s superannuation sector continues to deliver sound outcomes for members.”

APRA chair John Lonsdale said: “I am pleased to welcome David to APRA. His deep experience in economic policy, regulation and public administration complements the Executive Board’s strong mix of prudential, financial markets, insurance, superannuation and public sector expertise.

Together, APRA‘s members are well placed to oversee APRA‘s work to maintain the safety and resilience of Australia’s financial system for the benefit of the community. In its latest super data, APRA said total superannuation assets increased by 6.6 per cent over the quarter to $4.8 trillion as at June 2026, of which $3.4 trillion was in APRA-regulated funds.

Total contributions increased by 12.8 per cent to $236.3 billion in the year ending in June 2026. Employer contributions increased by 9.5 per cent over the year to $164.4 billion. Member contributions increased by 21.0 per cent over the year to $71.9 billion.