Board of Directors

Peter MacCuspie Web

Peter MacCuspie, Non-Executive Chairman

Peter MacCuspie has been a Director of CBHS since November 2015 and was appointed as Chairman in March 2018.

Mr MacCuspie is a professional Non-Executive Director. He has over twenty years of experience in a variety of roles. He was a Director of Big Sky Credit Union / Building Society for twelve years that saw the business, through mergers and targeted growth, expand member capital over 15 times. He has experience in a wide range of governance settings including charities through the MedicAlert Foundation and Agribusiness, for over seven years with Dodgshun Medlin. His current roles encompass technology through the open source IT business Strategic Data and Automotive Services with his role as Chair of Club Assist owned by the Australian automotive clubs.

He mentors a range of senior executives and enjoys spending time with his three children, photography, writing, podcasting and discussing poetry.

Mr MacCuspie has a Bachelor of Science (Hons), a Graduate Diploma of Management and is a Fellow of the Australian Institute of Company Directors.

John Matthews, Non-Executive Deputy Chairman

Mr Matthews has been a member of CBHS since 1964. He has been a Director since September 2008, was elected Deputy Chairman on 5 November 2015 and is Chairman of the People & Remuneration Committee. Mr Matthews retired from CBA in 2004 after a career of 40 years, during which time he held senior executive positions in Australia and overseas. He has extensive experience in treasury management and human resources.

Mr Matthews is a Director, Chair of the Investment Committee and member of the Nominations and HR Committee of The Frank Whiddon Masonic Homes of New South Wales, Director of Frank Whiddon Nominees Pty Ltd and Director & Treasurer of the Frank Whiddon Masonic Homes Foundation Ltd. He is also a member of the Finance Committee for the United Grand Lodge of NSW & ACT.

Mr Matthews has a Bachelor of Economics degree, is a graduate of the International Advanced Management Programme (IMI Geneva), is a Senior Fellow of the Financial Services Institute of Australasia and a member of the Australian Institute of Company Directors.

Marielle Latour, Non-Executive Independent Director

Ms Latour has been a Director since May 2010 and is Chair of the Audit Committee and is a member of the Risk Committee. Ms Latour is also a Director of CBHS’ subsidiary company, CBHS Corporate Health Pty Ltd.

With over 30 years’ experience in financial services Ms Latour’s professional experience is in consulting, marketing and distribution, strategy, stakeholder management and managing businesses. She has held senior executive positions at Colonial Group, Commonwealth Bank, TAL, a start-up business and numerous consulting assignments.

Ms Latour is a former Director of My Credit Union Limited, that through a merger, increased member value and provided enhanced products and services. She was also a member of the Audit and Risk Committees. Ms Latour is currently also a director of Autism Spectrum Australia Ltd and Australian Sports Technologies Network (ASTN).

Ms Latour holds an Executive MBA, a Bachelor of Economics and is a Graduate of the Australian Institute of Company Directors.

Fintan Thornton, Non-Executive Independent Director

Fintan Thornton, Non-Executive Independent Director

Mr Thornton was appointed to the Board in November 2012 and is the Chairman of the Asset & Liability Committee and a member of the Audit Committee and Risk Committee.

Mr Thornton has over 20 years’ financial services experience. Mr Thornton’s current role is Head of Superannuation in Colonial First State’s Distribution team. Mr. Thornton has previously been Head of Strategy & Implementation in Colonial First State’s Distribution team and Head of Employee Superannuation at the Commonwealth Bank. Prior to joining the Commonwealth Bank, Mr Thornton worked as a consulting actuary for Willis Towers Watson and Russell Investments. Mr Thornton’s consulting experience is predominantly in superannuation (including complex defined benefit arrangements) where he advised companies and superannuation funds on asset/ liability matters (i.e. investments), risk management, communications, governance and strategy development. Amongst other appointments, Mr Thornton was actuary to Qantas Airways, the Reserve Bank of Australia and the NZ Government.

Mr Thornton holds a Bachelor of Actuarial Mathematics and Statistics degree, is a Fellow of the Australian Actuaries Institute and is a Graduate of the Australian Institute of Company Directors.

Jay MacGregor

Jay MacGregor, Non-Executive Independent Director

Mr MacGregor was appointed to the Board in May 2017 and is the Chairman of the Risk Committee and is a member of the Audit Committee and Asset & Liability Committee.

Mr MacGregor has over 20 years’ experience in financial markets in Australia and London. Most recently, he was Managing Director, Institutional Equities for the Institutional Banking & Markets division of the Commonwealth Bank where he was responsible for the Bank’s Equity Capital Markets, wholesale equities and equity trading activities. Prior to this, Mr MacGregor held senior roles at UBS Investment Bank in equity distribution where he advised some of Australia’s and Europe’s leading fund managers and hedge funds, and in Citi Global Markets Australia’s Capital Markets Origination team where he led equity capital raising transactions for some of Australia’s leading companies. Mr MacGregor is currently a Director of Renew Power Group Pty Ltd and Whitecoat Operating Pty Ltd.

Mr MacGregor holds Bachelor degrees in Law and Commerce and a Masters degree in Finance from the University of NSW.

Adrian Hondros

Adrian Hondros, Non-Executive Independent Director

Mr Hondros was appointed to the Board in June 2017 and is a member of the People & Remuneration Committee.

Mr Hondros has over 30 years’ experience in the financial services industry. Mr Hondros is currently the Chief Executive Officer of Porter Davis, a volume builder of homes in Victoria and Queensland. Previously Mr Hondros was the Executive General Manager of Commonwealth Private Bank, CEO of St Andrew’s Australia and Executive General Manager of NAB Private Bank.

Mr Hondros has been a Director of several financial services organisations, including Director of Commonwealth Private Limited, Chairman of Commonwealth Private Limited and Trustee Director of Commonwealth Bank’s Group Super Board (and Chair of its Investment Committee).

Mr Hondros holds a Bachelor of Commerce, Graduate Diploma in Professional Accounting, Graduate Diploma in Applied Finance, Diploma in Life Insurance and is an alumni of INSEAD’S Advanced Management Program.

Nicolette Rubinsztein

Nicolette Rubinsztein, Non-Executive Independent Director

Ms Rubinsztein was appointed to the Board in March 2018 and is a member of the People & Remuneration Committee.

Ms Rubinsztein is currently a nonexecutive director at Zurich Australia Limited, One Path Insurance, SuperEd, UniSuper, Class Ltd and is President of the Actuaries Institute. She has previously held senior positions at Colonial First State, BT Funds Management and Towers Perrin.

Ms Rubinsztein is a UNSW Alumni Leader and a member of Macquarie University’s Faculty of Business and Economics Industry Advisory Board.

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Andrew Smith, BCom, MBA, FAICD, CA, Group Chief Executive Officer & Executive Director

Mr Smith commenced with CBHS in March 2016 as the Group Chief Executive Officer and was appointed as an Executive Director in November 2016.

Previously, Mr Smith was the CEO and Managing Director of InvoCare Limited for almost ten years. Prior to InvoCare, he held a number of senior executive positions for over 10 years in retail and FMCG industries.

Mr Smith is a Non-Executive Director of Members Health Fund Alliance, the organisation representing the not-forprofit, member owned, regional and community-based health fund sector. He was a Non-Executive Director of Private Healthcare Australia (PHA) in 2016 and 2017 and is the current Chair of PHA’s Audit Committee. Mr Smith is also a Non-Executive Advisory Board member of AFEA Pty Limited, a provider of compassionate, experienced and qualified care staff specialising in responsive home care services.

Mr Smith holds a Bachelor of Commerce and a Master of Business Administration. He is a member of the Institute of Chartered Accountants in Australia & New Zealand and is a Fellow of the Australian Institute of Company Directors.