Nicholas Richard Whitlam born 6 December 1945, is an Australia

Australia

Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...

n businessman, the son of former Prime Minister

Prime Minister of Australia

The Prime Minister of the Commonwealth of Australia is the highest minister of the Crown, leader of the Cabinet and Head of Her Majesty's Australian Government, holding office on commission from the Governor-General of Australia. The office of Prime Minister is, in practice, the most powerful...

 Edward Gough Whitlam

Gough Whitlam

Edward Gough Whitlam, AC, QC , known as Gough Whitlam , served as the 21st Prime Minister of Australia. Whitlam led the Australian Labor Party to power at the 1972 election and retained government at the 1974 election, before being dismissed by Governor-General Sir John Kerr at the climax of the...

 and Margaret Whitlam

Margaret Whitlam

Margaret Whitlam AO is a prominent Australian personality and the wife of former Prime Minister of Australia Gough Whitlam...

. He first became publicly prominent in 1981 when he was appointed chief executive of the State Bank of New South Wales

State Bank of New South Wales

The State Bank of New South Wales was a bank that was owned by the Government of New South Wales. It existed from 1933 until 2000, when it was taken over by the Commonwealth Bank....

. Subsequent roles include an investment banking

Investment banking

An investment bank is a financial institution that assists individuals, corporations and governments in raising capital by underwriting and/or acting as the client's agent in the issuance of securities...

 partnership with Malcolm Turnbull

Malcolm Turnbull

Malcolm Bligh Turnbull is an Australian politician. He has been a member of the Australian House of Representatives since 2004, and was Leader of the Opposition and parliamentary leader of the Liberal Party from 16 September 2008 to 1 December 2009.Turnbull has represented the Division...

, Whitlam Turnbull & Co, and the chairmanship of the NRMA Group, NRMA

NRMA

NRMA refers to either of two historically related Australian companies:*The National Roads and Motorists' Association, known as NRMA Motoring and Services, is a member-owned mutual organisation offering , motoring advice and other services in New South Wales and the Australian Capital...

.

Whitlam was the key figure in the 2000 demutualization

Demutualization

Demutualization is the process by which a customer-owned mutual organization or co-operative changes legal form to a joint stock company. It is sometimes called stocking or privatization. As part of the demutualization process, members of a mutual usually receive a "windfall" payout, in the form...

 and listing of NRMA Insurance Limited, the country's largest insurance company, now known as Insurance Australia Group Limited (IAG). Controversial civil proceedings brought by the Australian corporate regulator ASIC

Australian Securities and Investments Commission

The Australian Securities & Investments Commission is an independent Australian government body that acts as Australia's corporate regulator...

 alleging breaches of his director's duties were dismissed by the NSW Supreme Court in 2003.

Mr Whitlam holds degrees from Harvard College

Harvard College

Harvard College, in Cambridge, Massachusetts, is one of two schools within Harvard University granting undergraduate degrees...

 (AB cum laude, 1967) and the London Business School

London Business School

London Business School is an international business school and a constituent college of the federal University of London, located in central London, beside Regent's Park...

(MSc, 1969).

External links

• Whitlam's website