Elmer Funke Kupper has accepted an invitation to join the board of Suncorp as non-executive director from January.

Mr Funke Kupper was formerly CEO at the Australian Stock Exchange and Tabcorp and also held senior executive roles at ANZ for over a decade.

“The pace of change in our industry is increasing, driven by the rapid adoption of technology and a demanding regulatory environment,” Suncorp Chairman Christine McLoughlin said. “Elmer’s experience in navigating these changes will complement the skills of the existing Suncorp board,”

Mr Funke Kupper is currently a non-executive director of the Australian holding company of the MYOB Group and has previously held board positions at Tabcorp and The Business Council of Australia.

In September the Australian Federal Police dropped a seven-year long investigation into allegations of foreign bribery relating to Tabcorp and 2009 and 2010 payments to Cambodian government officials.

Despite never being named in the investigation, Mr Funke Kupper stood down from the ASX and resigned his directorship of Tabcorp in 2016 amid the police probe.