Financial sector must change: Hintze

Billionaire fund man­ager believes sector is underperforming as export generator.

Billionaire hedge fund man­ager Michael Hintze believes Australia’s financial ser­vices sector is underperforming as an export generator relative to sectors such as education and would perform better with ­reforms to the tax and funds management regimes.

Sir Michael, a member of the international panel advising the Financial System Inquiry, said Australia needed to play to its strengths as one of the largest investment pools in the world and a creator of talented financial services executives.

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