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Teachers Mutual Bank Limited today announced the appointment of Michael Bencsik as Chief Financial Officer

Teachers Mutual Bank Limited today announced the appointment of Michael Bencsik as Chief Financial Officer effective from 1 July 2024.

The appointment follows a comprehensive search, which included a strong field of candidates.

Michael brings 25 years’ experience in financial services both domestically and overseas, having held various executive finance and strategy roles at major Australian banks, foreign-owned banks, and ASX listed organisations. Michael is also an experienced not-for-profit director.

Teachers Mutual Bank Limited’s CEO, Anthony Hughes said he was delighted to have Michael join the team and bring his extensive experience into the member-owned bank.

“Michael’s is a highly experienced CFO with an outstanding record. I am confident his depth of experience and strong capability be invaluable as we continue to build one of Australia’s largest member-owned banks and deliver great outcomes for our Members.”

On his appointment Michael said, “I’m looking forward to bringing my commercial financial services experience to Teachers Mutual Bank and driving the financial strategy and growth of the business to the benefit of our Members.

“I have spent my entire career in the financial services sector, and 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.”

Michael’s previous roles include CFO with Beforepay Group, Genworth Mortgage Insurance, and HSBC Bank Australia, Deputy CFO Bank of Queensland, CFO Global Wholesale Banking & Markets, Global Wealth and International at First Abu Dhabi Bank (UAE). Michael was also Head of Strategy, institutional banking and markets teams at both Commonwealth Bank and HSBC Holdings plc (UK).

Michael holds both a Masters of Business Administration (MACQ) and Bachelor of Commerce (UNSW) degrees. He is Graduate of the Australian Institute of Company Directors, is a Fellow Chartered Certified Accountant (UK), Fellow Certified Practicing Accountant (AUS), and Fellow Financial Services Institute Australasia.