Board of Directors
Board of Directors
Meet our Board of Directors. They have the responsibility for the overall management and strategic direction of Teachers Mutual Bank Limited.
Our Board of Directors are responsible for the overall management and strategic direction of Teachers Mutual Bank Limited. All board members are independent, non-executive directors; and the majority are elected by members (our shareholders) on rotation every three years. We have three Board-appointed Directors.
Directors must satisfy the Fit and Proper criteria set down by APRA, and they must abide by our Code of Conduct, which outlines their legal and ethical obligations. The Directors are committed to ongoing training to maintain knowledge of emerging issues and to satisfy all governance requirements. The Board conducts an annual review of its performance, along with reviews for individual directors, committees and the executive team.
The Directors' Skills Matrix represents an evaluation of the current skills and experience held by the Board of Directors in key specialist areas.
Maree O'Halloran AM
BA/Dip Ed, BLegS, GDLP, LLM, GAICD
Maree O’Halloran was appointed to the position of Chairperson in August 2019. She is currently a Legal Consultant at NEW Law Pty Ltd. Prior to her appointment with NEW Law in April 2015, Ms O’Halloran was the Director of the Welfare Rights Centre for seven years where she also practised as a solicitor. Ms O’Halloran has worked as a teacher in both public schools and TAFE. She has been an active voice for the teaching community and is a former President of the NSW Teachers Federation. She is currently Chairperson of Teachers Health, and has served as a member of the NSW Public Service Commission Advisory Board, HESTA and the SAS Trustee Corporation.
Ms O’Halloran was awarded the Member of the Order of Australia (AM) in the 2011 Australia Day Honours List, in recognition of her service to industrial relations and the education sector.
Ms O’Halloran is a member of the Board People & Remuneration Committee, the Risk & Compliance Committee and Nominations Committee.
GAICD, MBA, BSc (Hons)
Mr Kearnan joined the Board in October 2020. In addition to the Deputy Chair role, he Chairs the Audit Committee for Teachers Mutual Bank.
Mr Kearnan is also currently a Director of UniMutual Ltd, PetSure Australia and Nimble Money Ltd. He is Chair of the Board for UniMutual and PetSure and Chairs the Audit & Risk Committee for Nimble.
He runs a Corporate Advisory business that provides specialist financial, strategic and capital markets advice to financial service sector businesses across the maturity spectrum.
Mr Kearnan has held executive or non-executive director positions at leading finance sector institutions like Bank of America, Merrill Lynch, Commonwealth Bank of Australia, Hollard Insurance and RACQ. He is a past Member of the Australian Accounting Standards Board. He was consistently rated as one of Australia’s top finance sector equity market research analysts during his 18 year investment banking career.
He is a Graduate of the AICD Company Directors course, has an MBA and an Honours degree in Science (Biochemistry).
The Hon. Prof. Verity Firth AM
BA LLB; GAICD
The Hon. Professor Verity Firth is the Pro Vice-Chancellor (Social Justice & Inclusion) at the University of Technology Sydney.
Professor Firth has experience at the very highest levels of government and the not-for-profit sector in Australia. Over the last fifteen years, she has been working in the Australian education sector, first as Minister for Education and Training in New South Wales (2008-2011) and then as the Chief Executive of the Public Education Foundation.
As Minister for Education and Training she focused on equity in education, and how to best address educational disadvantage in low socio-economic communities, including rural and remote indigenous communities.
As Chief Executive of the Public Education Foundation (2011-2014), Professor Firth led the Foundation's transformation from a fledgling organisation into a major provider of scholarships and support to public education. She also helped the sector negotiate $5 million in seed funding for a new charity for disadvantaged schools.
Professor Firth was the Member for the state seat of Balmain from 2007 - 2011. Before her parliamentary career, she worked as a lawyer and was Deputy Lord Mayor of the City of Sydney.
Professor Firth was awarded the Member of the Order of Australia (AM) in the 2023 Australia Day Honours List, in recognition of her service to the Parliament of New South Wales, and to social inclusion.
Professor Firth is a member of the Nominations Committee.
Emeritus Professor William Ford
BA LLB (Hons); DipEd W Aust; DipLib (NSW); FAAL
Emeritus Professor William Ford was a director of Unicredit since 1990 and Chair from 2004 up until Unicredit’s merger with Teachers Mutual Bank in 2015.
Professor Ford’s experience includes admission as a Barrister and Solicitor to the Supreme Court of WA; Emeritus Professor of Law (UWA); Dean of the Law School, University of WA (2001-2011); Former Chair, Council of Australian Law Deans (2007-2011); Former Committee Member (UWA Branch) NTEU & Secretary UWA Academic Staff Association; and Former National Vice-President (Academic) NTEU.
Professor Ford is a Fellow an former Vice President of the Australian Academy of Law.
Professor Ford is a member of the Audit Committee, Board People & Remuneration Committee, the Risk and Compliance Committee, and the UniBank Advisory Committee.
Dip. Teach, B.Ed (Primary Education), M.Ed. (Educational Leadership), GAICD
Mrs Green commenced teaching in 1979 and is currently Principal of Robert Townson Public School. She served as a member of the Supervisory Committee for two years and was elected to the Board in 1997. Mrs Green is a member of the Teachers Mutual Bank Advisory Committee.
BCom, MBus, MCom, GradCertSust, GAICD
Virginia Marshall is an experienced financial executive with more than 20 years’ experience across financial services, property and asset management, and technology companies.
Ms Marshall has held many senior roles in financial services across Australia and New Zealand including Deputy CFO for Westpac Banking Corporation’s Consumer Division and CFO of non-bank lender, Society One.
Ms Marshall is currently CFO for a deep-tech company conducting research into enzymatic recycling, advancing Australia’s efforts towards a circular economy. Ms Marshall is also an independent member of the NSW Cancer Council Risk & Audit Committee.
Ms Marshall is a member of Chartered Accountants Australia, FINSIA and a Graduate of the Australian Institute of Company Directors, the University of Sydney and the University of New South Wales.
Ms Marshall holds a Bachelor of Commerce and a Master of Business in Management from the University of Otago, a Master of Commerce in Accounting from the University of NSW and a Graduate Certificate in Sustainability Studies from University of Sydney. She is also a Graduate of the AICD Directors Course and has completed executive education at Mt Eliza Business School.
Ms Marshall is a member of the Audit Committee at Teachers Mutual Bank Limited.
BSc, A Fin
Mr McCready is a Leading Station Officer in Fire + Rescue NSW and is a Supervisor at their 000 Call Centre in Sydney. He has tertiary qualifications in Computing, Accounting, Financial Planning and Financial Services.
Mr McCready was a Director of Fire Brigades Employees Credit Union for eight years and Chair for three years. Post-merger with Teachers Mutual Bank in 2016, Mr McCready continued on the Firefighters Mutual Bank Advisory Committee.
Mr McCready is Chair of the Board People & Remuneration Committee and is a member of the Audit Committee.
BEc, BEd, Grad Dip Acct, FFTA, GAICD
Mr O’Neill is an experienced company director with broad industry experience covering financial services, funds management, superannuation, health, sport and technology. He has held a number of non-executive roles including Chairman of Gymnastics Victoria from 2014-2019 and Chair of the Board Audit and Risk Committee at The Royal Women’s Hospital from 2018-2022. Mr O’Neill has over 25 years’ of experience as a financial services executive across organisations including NAB, KPMG and ANZ. His executive background includes broad experience in finance, risk and governance disciplines, having held executive roles as Chief Financial Officer and Chief Risk Officer for NAB’s Personal Banking Division in Australia and Treasurer for the NAB Group.
Mr O’Neill holds a Bachelor of Economics, Bachelor of Education and Graduate Diploma in Accounting from Monash University. He is a Graduate of the Australian Institute of Company Directors and was previously a Fellow of the Finance & Treasury Association.
Mr O’Neill is Chair of the Risk and Compliance Committee and a member of the Board Audit Committee and People and Remuneration Committee.
BEc, MComm, GAICD
Ms Reynolds is an accomplished senior executive with over 30 years’ experience in ASX listed financial services, energy and media companies including as Chief Customer Officer at AGL Energy, Executive General Manager Retail Banking and General Manager Mortgages at National Australia Bank. She has significant strategic, commercial and operational leadership expertise in product, sales and marketing, operations, member experiences and digital transformation. Ms Reynolds is Chair of the Technology & Innovation Advisory Committee and is a member of the Board Risk and Compliance and Board People & Remuneration committees. She is currently Executive, General Manager, Trustee Services, State Trustees, Victoria. Her other directorships include Non-Executive Director Colonial Foundation, and Council member Genazzano FCJ College.
Ms Reynolds has a Bachelor of Economics from Newcastle University NSW, a Masters of Commerce from the University of NSW, is a graduate of AICD and has completed the Advanced Management Program at Insead, France.
Nominating for a position on the Board
If you’re considering a leadership role as an elected Director on the Teachers Mutual Bank Limited Board, there are a number of important steps to consider.