Corrs partner Michael Chaaya, who heads up the financial services division, suggested the practice was seeking to strengthen its financial services expertise.

“The complexity of financial services regulation in Australia continues to grow, and Peter’s arrival is further evidence of the firm’s commitment and investment in this important area of legal practice for many of our clients,” he said.

As general counsel at InDue, which is an authorised deposit-taking institution regulated by APRA, Mr Anderson was a member of the executive team and reported directly to the CEO and chair of the Board Risk Committee.

His skill set includes: payment systems; banking regulations; consumer credit laws and products; securitisation, finance and mortgage broking; privacy; credit reporting; retail and electronic banking; e-commerce; financial services reform; AML/CTF regime; gift and prepaid cards and commercial transactions.