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24 July 2002

Reappointment of Mr Les Hosking as CEO of Axiss

Today I announce the reappointment of Mr Les Hosking as Chief Executive Officer of Axiss for a further 2 years from 1 August 2002.

Axiss, formerly known as the Australian Centre for Global Finance, was set up by the Government in August 1999 to position Australia as a global financial services centre in the Asian time zone.

Mr Hosking has done an excellent job positioning Australia as a global financial services centre since his appointment in October 1999, and I look forward to working again with Mr Hosking over the coming years.