CUA attracts new CFO with wealth of financial services experience
20 November 2007
Mr Geoff Grant, who has worked in the financial services industry for over 22 years predominantly in regional banks, was recently appointed by CUA (Credit Union Australia) to the position of Chief Financial Officer.
Mr Grant said his extensive experience working in the financial services industry had helped him adapt well to his current position at CUA.
“I have previously worked with stockbrokers, superannuation fund/ investment product providers and banks including ten years at Bank of Queensland and most recently, seven years with Bendigo Bank,” he said.
“Whilst primarily involved in the financial performance of the group, the role of CFO involves an increasing amount of compliance work in meeting the requirements of various regulators that monitor the operations of the group, government legislation including tax and corporations law, accounting standards and rules that govern how we are required to report to our members.
“I am also responsible for the accounting and treasury divisions and act as liaison officer for key relationships CUA has with external auditors, regulatory bodies, large investors and service providers.
“One positive difference I have noticed between working in a bank and CUA is that banks serve two key stakeholder groups – customers and shareholders whereas credit unions like CUA are in the enviable position of having just one stakeholder group because our members are also our shareholders.”
Mr Grant said his main aim was to contribute and assist the CUA board and executive team with the achievement of the business’ long term goals.
“I have brought my experience from a larger financial organisation to CUA to improve processes, efficiencies and perhaps offer a new way of looking at things in order to build on the great foundation CUA already has.
“The financial services market continues to evolve rapidly and incorporates a wide range of participants with very competitive product offers.
“This means CUA must continue to highlight its points of differentiation and ensure its products are competitive and attractive to its existing and potential customers.”
