Honan Coverage Team (Honan) has appointed Jacob Gunzburg to the newly developed part of chief monetary officer (CFO).
Gunzburg is a chartered accountant with around 22 years of economical accounting practical experience, including economical reporting, company accounting, mergers and acquisitions (M&A), and financial risk management. He also held senior finance positions at Downer and Spotless Group Holdings Confined, merged with more than 10 yrs of experience at KPMG.
In his new function at Honan, Gunzburg will be dependent in the Melbourne head business office and oversee around half a billion dollars in rates and $100 million in profits. He will also be dependable for the strategic economical management of the company’s M&A action and integration, a vital precedence considering the fact that it partnered with private equity business TA Associates in 2020.
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Honan main running officer (COO) Laurence Basell used to be responsible for the business’ strategic economical management. However, a compounded once-a-year growth price of extra than 25% in excess of the past 3 decades has pushed the want for a standalone CFO purpose.
Commenting on the recently developed position, CEO Andrew Fluitsma reported Gunzburg will bring strategic stewardship and statutory oversight to the promptly expanding company’s accounting and finance function.
“We are now a enterprise of far more than 350 people, and Jacob’s appointment demonstrates our lofty ambitions to close the gap on our more substantial opponents and continue on to obstacle more substantial institutional brokers,” Fluitsma claimed.
Gunzburg commented: “This is my initially foray into the insurance policy sector, and Honan’s challenger mentality and desire to do issues differently [are] what attracted me to the position. Honan’s robust effectiveness and world community are impressive, and I am seeking forward to contributing to the following phase of advancement.”
Honan was one of the excellence awardees at the Coverage Organization Australia Awards 2022 and winner of just one of Insurance policy Organization Australia’s 5-Star Technological innovation awards 2022.