Frino will take an interim role as an executive of CMCRC until June, when he takes a new role as dean of the Macquarie Graduate School of Management. Meanwhile, CMCRC has announced that Professor David Skellern has joined as chairman of the board. CMCRC is the Australian independent academic centre for capital market research. Aitken said he would focus on extending CMCRC’s existing successes with a focus on domestic and international partnerships with industry. “CMCRC has been very good at building relationships with regulators, universities and companies all around the world, producing research that has been key in informing some major business and regulatory decisions,” Aitken says. “In 2013 and beyond we will build on these relationships to look at commercialising more of our research in the way that we did with SMARTS.” Frino says he had been very pleased with the growth of CMCRC over the past six years. “It’s been a pleasure to guide CMCRC as it’s grown from a small team to an internationally respected organisation with more than 75 employees,” Frino says. “We have overseen and funded more than 70 PhD students to completion; contributed to nationally and globally significant capital market debates; and really set Australia on the world stage as a respected player in capital market research and development. I know Mike will continue the CMCRC’s growth trajectory in the years to come.” Skellern, the new board chairman, was joint head of the CSIRO/Macquarie University project that invented wireless local area networks in the 1990s. He has been elected CEO of the National ICT Australia (NICTA) board and won many awards including the CSIRO Research Medal and the ATSE Clunies Ross Award. Last year he received a companion of the order of Australia for service to science and engineering as a leading researcher, and for the design and development of world-leading information technology communications applications.