In a move to strengthen its business returns, banking services provider Cuscal has appointed Iain Keddie as chief financial officer (CFO).
Reporting to Cuscal managing director Craig Kennedy, Keddie said he aims to use his experience in mergers in acquisitions to inject more competition into retail financial services.
Keddie has wide experience as a CFO, having held the same position at Espreon prior to this appointment. He has also been CFO at OrotonGroup, Solution 6 and Star City and has worked in an advisory capacity for Ernst & Young and PricewaterhouseCoopers.
"Cuscal is a financially prudent business with a balance sheet dominated by cash. Our new CFO joins us at a time when we are exploring opportunities to invest our capital to strengthen the business and its financial returns," Kennedy said.
Keddie replaces former Cuscal CFO Tom Taylor.
In February Cuscal stepped up its focus on superannuation with the appointment of former Cuscal strategy, people and performance general manager Adrian Lovney to the position of customers general manager.
"The aim is to drive a stronger alignment between sales and marketing, strategy, planning, people and corporate communication to deliver on Cuscal's long-term business strategy," a Cuscal spokesperson said.
