BankVic appoints Karl Holden as CFO

Victorian based and member owned, BankVic has announced the appointment of Karl Holden to the role of Chief Financial Officer (CFO) and a member of the Executive Committee. Holden will be working closely with CEO, Anthony De Fazio, himself an experienced former CFO, who had previously led BankVic’s Finance, Operations, Business Intelligence & Data Analytics functions before ascending to the CEO role in 2018.

BankVic CEO, Anthony De Fazio said;

“We are pleased to appoint someone of Karl’s calibre to the role of Chief Financial Officer. Karl’s experience and understanding of the banking landscape will bring a significant depth and leadership to the business at a time where BankVic is implementing smarter and effective solutions for our members.”

With over 20 years’ experience in the Finance industry, 12 with ANZ Bank, most recently in Hong Kong as North Asia Regional Chief Financial Officer, Karl holds diverse knowledge across the financial sector, including in Banking and Insurance (ANZ, HBOS Australia), Property and Funds Management (Centro) and Professional services (KPMG).   

“I am delighted to be joining BankVic, an organisation that provides strong service to critical members of our society” Holden said of his new appointment with BankVic.

 “I am excited to work closely with a leadership team that is constantly looking to grow and improve services for our members, with a focus on continuing to build on profitable growth for the business.”

BankVic was founded in 1974 originally as the Police Association Credit Co-op. 48 years on it provides banking services to over 120,000 of Victoria’s police, health, emergency and public service employees and hold $2.8 billion in assets.

Holden commenced in the role at BankVic on 3 October 2022.