Prescott Securities CEO David White on WorkCover SA board

Prescott Securities chief executive David White. Source: The Advertiser

Appointed yesterday to the board of the insurance scheme, Mr White said WorkCover attracted criticism from all directions but the orgaDnisation was actually doing a good job.

"It's a tough task but everybody who's involved in the process wants to get the same result," he said.

"And despite the various interests involved, everyone wants a system which is efficient, effective and gets people back to work and to stay at work  in a cost-effective manner.

"I think we're actually not that far away from getting a good result."

 Mr White said he believed he could bring his financial and regulatory compliance experience to the position.

Mr White replaces insurance industry expert Terri Scheer who resigned in October for personal reasons.

As chief executive of Adelaide-based Prescott Securities, Mr White heads a national stockbroking and financial advisory business that handles nearly $2.5 billion in client funds.

Industrial Relations Minister Paul Holloway said Mr White brought an impressive range of skills to the job.

"Mr White has a long and distinguished career in the wealth management industry and in investment markets supervision, and brings a vast background of knowledge and experience to the board," he said.

Before working with Prescott Securities, Mr White was a national manager and SA manager with the Australian Stock Exchange, where he was responsible for listed company supervision and market surveillance.

Mr White's appointment runs until November 2013.