Rachel Grimes

Rachel Grimes is the Chief Financial Officer for Challenger Group. A chartered accountant with over twenty-five years’ experience in the financial services sector, Rachel has worked at Westpac, BT (formerly BT Financial Group) and PwC Australia.


Rachel joined the Institute of Chartered Accountants Australia in 1994. She advanced to a Fellowship in 2002 and became its Director in 2006. In 2011, Rachel was appointed President of the Institute of Chartered Accountants Australia – the second woman to hold this title. She is currently President of the International Federation of Accountants (IFAC) – the global organisation for the accountancy profession.


Rachel has served on the Tennis Committee of the Institute of Chartered Accountants. She currently holds the Chair of the Finance and Risk Committee for Surfing Australia.


Rachel has been on the advisory committee for the DFCRC bid since its inception and is taking a particular interest in the regulatory research program, and its audit and accounting aspects for Digital Finance. She brings a unique combination of a deep understanding of the field alongside extensive expertise in governance and auditory oversight. Rachel was also instrumental in the DFCRC’s gaining of support from the national accounting and auditory bodies.


Rachel has a Bachelor of Business in Accounting from the University of Technology, Sydney, and is a graduate of the University of New South Wales’ Graduate School of Management’s Senior Management Development Program.