Former Macquarie exec named CPA CEO

The accounting industry association has today announced Mr Hunter in the role following his departure from the Export Finance and Insurance Corporation (Efic), where he was managing director and CEO. 

Prior to working with Efic, Mr Hunter held a number of roles with Macquarie, including head of the European, Middle East and Africa capital markets business. 

A statement from CPA Australia announced that the CEO will receive an annual "base remuneration" of $650,000 – a significant decrease from the former CEO's $1.8 million package that angered many CPA members.

The announcement comes as CPA's troubled dealer group subsidiary CPA Australia Advice has once again caused problems for the association, creating a potential conflict that may see it unable to be deemed a code monitoring body under the FASEA regime.

Interim CEO Adam Awty will be leaving the organisation after 18 years of service and will receive a redundancy payment of $843,446.