Tim Sutton
Tim Sutton
Biography
Tim is a Sydney based Financial Services Regulatory lawyer with more than 15 years’ experience in the financial services sector. Tim has deep experience working at both APRA and ASIC, in-house and in private practice providing complex advice to senior stakeholders in large financial institutions and leading a team responsible for navigating complex regulatory engagements and investigations.
Tim’s varied experience allows him to bring critical judgement provides clients with strategic advice on important legal, regulatory and risk issues.
Tim’s in-house experience includes his role as Head of Advisory Legal in the Australian Prudential Regulation Authority (APRA), where he was responsible for leading a team of 20 lawyers supporting APRA in its role as prudential supervisor of Australia’s banking, insurance and superannuation sectors. Additionally, Tim was a Senior Legal Counsel in AMP where he provided legal support to AMP’s financial advice businesses as well as advice more generally into conduct, disclosure and licensing obligations arising under the Corporations Act.
Tim was also the Head of Regulatory Engagement supporting the Colonial First State superannuation trustees at a time of intense regulatory supervision following the Royal Commission into Misconduct in the Financial Services Industry. This required both a deep understanding of the evolving regulatory environment and ability to mobilise quickly to meet, often challenging, regulatory deadlines.
During his time in-house Tim has been a member of leadership teams, has been responsible for probity and integrity functions, including FOI requests and public interest disclosures.
In private practice Tim has acted for domestic and international clients such as wealth management businesses, superannuation trustees, fund managers, regulators, brokers, banks and investment banks.
Tim holds a Bachelor of Laws from the University of New South Wales and is admitted to practice law in New South Wales and the High Court of Australia.
Expérience professionnelle
Principaux mandats
Principaux mandats
Head of Advisory Legal APRA
•Advisor to senior stakeholders including Executive Directors, APRA Members and the Executive Board on the use of APRA’s powers on cross industry matters, privacy, secrecy and data collection.
•Member of the General Counsel’s Leadership Team with a particular focus on the Banking, Data & Technology and Chief of Staff Divisions
•Led a team of lawyers providing expert advice on APRA’s powers under the Banking Act, the Superannuation Industry (Supervision) Act, the Insurance Act, the Life Insurance Act and the Financial Sector (Collection of Data) Act.
•Advised on APRA’s resolution and recovery powers across live cases and the development of prudential standards.
•Provided integrity, probity and risk advice to the APRA Chief Risk Officer and Chief of Staff division
•General Counsel’s delegate on APRA’s Integrity Review Group and Public Interest Disclosure authorised officer.
•Worked closely with the APRA Regulatory Affairs team to assist APRA’s preparedness for Parliamentary Committee appearances and Notice responses
Head of Regulatory Engagement, Colonial First State
•Responsible for building and leading the team responsible for managing all regulatory engagements for Colonial First State with ASIC and APRA including breach reporting and enforcement investigations.
•Provided advise on global group projects including co-ordinating engagement with foreign and domestic regulators.
•Oversaw the development and implementation of Colonial First State’s regulatory engagement and breach reporting governance.
•Delivered insight driven analysis on emerging regulatory risks and trends to senior management and trustee boards.
Senior Legal Counsel, Financial Services AMP
•Responsible for providing timely expert advice to the business on its obligations under the Corporations Act and ASIC Act focusing on the AMP financial advice businesses.
•Oversaw key regulatory reporting obligations including Australian financial services licence arrangements including nomination of Responsible Managers and ensuring the business met its general reporting obligations to ASIC.
•Advised the General Counsel and key business areas on law reform.
Admissions
Admissions
- Admitted Supreme Court of New South Wales 2009
- Admitted to High Court of Australia 2009
Perspectives et nouvelles
