He brings 25 years of experience in financial services to the role
Teachers Mutual Bank has announced the appointment of Michael Bencsik (pictured above) as chief financial officer (CFO), following a comprehensive search process involving a strong field of candidates.
Bencsik brings 25 years of experience in financial services, having held various executive finance and strategy roles at major Australian banks, foreign-owned banks, and ASX-listed organisations. He is also an experienced not-for-profit director.
His previous roles include CFO positions at Beforepay Group, Genworth Mortgage Insurance, and HSBC Bank Australia. He also served as deputy CFO at Bank of Queensland and CFO for global wholesale banking and markets and global wealth and international at First Abu Dhabi Bank. Prior to this, he was head of strategy for institutional banking and markets teams at both Commonwealth Bank and HSBC UK.
“Michael is a highly experienced CFO with an outstanding record,” said Anthony Hughes, chief executive of Teachers Mutual Bank. “I am confident his depth of experience and strong capability will be invaluable as we continue to build one of Australia’s largest member-owned banks and deliver great outcomes for our members.”
Bencsik stated he was looking forward to bringing his commercial financial services experience to Teachers Mutual Bank and driving the financial strategy and growth of the business to the benefit of its members.
“I have spent my entire career in the financial services sector,” he said. “I am thrilled and excited to have the opportunity to be joining the executive of such a highly regarded member-owned bank and being part of a bank where our focus is solely on delivering the best outcomes for our members.”
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