Armidale Diocesan Investment Group (ADIG) is an unincorporated entity and an agency of the Trustees of the Roman Catholic Church for the Diocese of Armidale. ADIG is a charitable investment fundraiser and is a registered charity with the Australian Charities not-for-profit Commission (ACNC). ADIG issues debentures to retail investors and hold investments for parishes, Catholic entities and other Diocesan agencies such as Catholic Schools, Centacare and St Alberts College.
In order to meet regulatory compliance obligations and issue debentures to the public, ADIG has entered into an intermediary authorisation with CDF AFSL NSW Ltd ACN 617 161 805, AFSL No. 497040. Strict responsibilities apply to AFSL licensees in relation to having adequate risk management systems in place and a general obligation to provide efficient, honest and fair financial services. View our full Disclosure Statement.
The ADIG Board oversees the Strategic direction of the organisation and regularly meets to ensure relevant controls and process are in place. ADIG Board members have a broad range of skills to provide relevant input and monitoring of ADIG’s Investment strategy and policy.
The ADIG has an experienced and dedicated Board, whose primary focus is on the oversight and strategic direction of the organisation.
Our Board is committed to effective governance practices which reflect accountability and assure prudential and ethical conduct.
Monitoring the operational and financial position and performance of the organisation, and driving organisational performance is a key objective, so as to deliver benefit and value to our customers.
ADIG operates under a governance, risk and compliance framework consisting of a range of different policies and procedures.
Regular and active oversight by the Board is facilitated through three Board Committees which are;
Audit and Risk Management Committee
Oversights Financial reporting, internal controls, risk management, external and internal audits,
Investment Committee
Oversees ADIG’s investment program in pursuit of the achievement of the investment risk and objectives set.
Governance and Remuneration Committee
This committee oversees ADIG’s Governance arrangements including Board and CEO performance and succession planning.
This framework helps to ensure that Board members, management and staff adhere to relevant regulatory and prudential obligations, meet high standards of corporate governance, and serve and protect our customers interests.
Chartered Accountant, Tamworth
Background:
Chartered Accountant and Principal of Hancocks Charter Accountants based in Tamworth servicing the wider region.
Partner for nearly 20 years with professional experience dealing with small and medium sized business advisory, agribusiness, SMSF and personal tax accounting.
Key Skills:
Finance, Accounting, Business Management, Taxation
Board Special Responsibilities:
Board Chair
Governance and Remuneration Committee Member & Audit and Risk Management Committee Member
Solicitor, Glenorie
Background:
Over 30 years of experience in investment, financial services, banking, funds management, property and infrastructure funding sectors including major projects.
Demonstrated regulatory, investment, strategic planning and risk management experience.
Key Skills:
Investment management, risk management, capital markets, corporate governance, strategy, audit and risk management, major project financing, and infrastructure
Board Special Responsibilities:
Governance and Remuneration Committee Chair
Investment Committee Member
Ex Officio - Diocesan Financial Administrator, Armidale/Tamworth
Background:
With a background as a Registered Tax Agent and 13 years experience in public practice accounting and business advisory, David now works in the role of Diocesan Financial Administrator (DFA) for the Diocese of Armidale.
He relishes the marrying of his professional skills with his Catholic faith and values in his DFA role. He seeks to add value and advice based upon his background and a vision for the future.
Key Skills:
Accounting, finance, taxation, business management
Company Director, Port Macquarie
Background:
An experienced investment professional, with expertise in macroeconomic/financial market analysis, investment and portfolio management.
Key Skills:
Investment governance, management of market exposures/investment portfolios, banking, funds management and investment consulting.
Board Special Responsibilities:
Investment Committee Member
Company Director, Repton
Background:
A highly qualified executive director specialising in banking and finance. Previously held senior Federal Government positions focussed on economic and socio economic policy development. Extensive experience in the Retail banking market place, having successfully led a customer owned regionally based banking business, Regional Australia Bank as CEO for over 20 years until 2021.
Key Skills:
Banking strategy, investment management, risk management, capital markets, corporate governance, merger and acquisition, regional development, not for profit management.
Board Special Responsibilities:
Audit and Risk Management Committee Member & Governance and Remuneration Committee Member
Company Director, Lane Cove
Background:
Experienced Company Director serving on Boards within the financial services industry. Has successfully held executive roles in risk management, strategy and sales including Head of Prudential Supervision – FINCOM; Head of Wholesale Mortgages Risk Management and Executive Manager, Mortgages with ANZ. Past public sector experience includes advising NSW Premier and Treasurer on policy matters relating to financial services obligations. Karin also advises on leadership risk and strategic talent management.
Key Skills:
Risk management, corporate governance, prudential standards, regulated market management, Change management, ESG frameworks, public policy
Board Special Responsibilities:
Investment Committee Chair
Company Director, Sydney
Background:
An executive with extensive experience in the financial services and management consulting industries. Has successfully held executive positions in major and regional banks with most recent role as Chief Risk Officer at IMB Bank. Over many years, Michael has worked with Boards business strategy, risk management, business transformation, organisational resilience and regulatory change.
Key Skills:
Banking strategy, financial and non-financial risk management, finance, audit, governance, compliance, project management.
Board Special Responsibilities:
Audit and Risk Management Committee Chair
Financial and other reporting forms a key part of governance at ADIG.
Our Annual Report contains detailed information on our strategy, financial results and sustainability performance.
The Armidale Diocesan Investment Group (ADIG) is required by law to make the following disclosure.