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Economic Development Board reshuffled to strengthen ties and attract investment

Research & Development

THE South Australia Economic Development Board (EDB) has shuffled its members in order to create stronger ties with the government, business and educational institutions.

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Raymond Spencer will still chair the independent advisory committee, with new members including a former state premier, former managing director of JP Morgan, president of the University of South Australia and more.

David Garrard is currently a member of JP Morgan’s Advisory Council, based in Sydney. Mr Garrard was previously Managing Director, Head of Corporate Broking, JP Morgan (Sydney), where he worked on a broad range of advisory work including equity advice on capital raisings, mergers and acquisitions and market feedback to public-listed companies. Rob Kerin was the Liberal Premier of South Australia from 22 October 2001 to 5 March 2002 and has held the Ministerial portfolios of Primary Industries, Natural Resources and Regional Development, State Development and Minerals and Energy. Mr Kerin currently consults for Griffins Lawyers and is Independent Chair of Primary Producers SA. Professor David Lloyd was appointed Vice Chancellor and President of the University of South Australia in August 2012, and took up his position in January 2013. Professor Lloyd is a biochemist who holds a Bachelor of Science (Honours) in Applied Chemistry and a PhD in Medicinal Organic Chemistry from Dublin City University, and was also a Post-Doctoral Research Fellow at Trinity College Dublin. Professor Tanya Monro is an Australian Research Council (ARC) Federation Fellow and the Director of the Institute for Photonics & Advanced Sensing (IPAS) as well as a Professor of Physics within the School of Chemistry & Physics at the University of Adelaide. Professor Monro has published over 450 papers in journals and refereed conference proceedings. Dr Donald Russell was the Secretary of the Department of Industry, Innovation, Climate Change, Science, Research and Tertiary Education from 2011 to 2013. His previous career includes Chair of New South Wales’ State Super superannuation fund, Australian Ambassador to the USA from 1993 to 1995, and Chief of Staff to Paul Keating, as Treasurer then Prime Minister. Ms Lily Jacobs is a former lawyer, who worked in commercial, property and intellectual property law. Ms Jacobs has worked as an associate to Justice Lander at the Federal Court and with the firm Camatta Lempens. As current General Manager of the not-for-profit organisation Renew Adelaide, Ms Jacobs’ has overseen an increase in property activations and opportunities for creative entrepreneurs rise from three to 30 per year and has been a leader in the creating a more vibrant Adelaide.

South Australian Premier Jay Weatherill welcomed the move, saying that the state government will continue to draw advice from the EDB, driving policy development and attracting investment.

“Our State has been well served by the EDB which has been responsible for delivering the new state brand and supporting South Australia’s growth sectors – specifically unconventional gas, education and agricultural areas,” Weatherill said.

EDB Chair, Raymond Spencer, noted the importance of the reshuffle in order to secure the state’s economic future.

“We need to act boldly and with an increased urgency so that we can address the big challenges that are facing the State’s economy,” Mr Spencer said.

“The refocussing of the work of the EDB will create a direct linkage into the Premier which will ensure our work can be accelerated and prioritised. I look forward to supporting the Government’s agenda and working with the Board’s new members on addressing these challenges.”

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