Australian regulator bans two CEOs from providing financial services for six years

Pedro Gonçalves
clock • 1 min read

ASIC has banned the two joint chief executives of Australian Mutual Holdings from providing financial services for six years following an investigation. Jeffrey Worboys and Matthew Barnett were until February last year joint chief executive officers of Australian Mutual Holdings Limited, which was a AFSL holder and responsible entity operating a number of managed investment schemes. The regulator uncovered that when establishing Courtenay House Capital Investment Fund, Worboys and Barnett  failed to ensure that the persons responsible for trading funds had the requisite qualifications...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?