Kinsmen Securities Compliance Committee
Kinsmen operates a Compliance Committee comprising of a majority of independent members. This committee oversees Kinsmen’s compliance obligations for each of its funds and further ensures investors’ interests are prioritised. The current external members of the committee are:
Paul Massey has extensive financial services compliance, strategic planning and project management experience gained in his senior management roles within several major financial institutions over the last 18years.
Commencing as a financial advisor and moving into business development, Paul eventually headed the compliance department for the Commonwealth Bank in South Australia. He has successfully started two financial planning business with his involvement including the compliance, business and marketing plans and recruitment.
Paul is currently contracted on special projects by the South Australian Centre for Innovation in assisting small to medium enterprises (SME’s) develop compliance plans, policies and procedures. He is also director of financial services software development company STAG Pty Ltd.
After 14 years of conducting his own training and coaching consultancy one of Paul Anderson’s clients offered him the position of managing their business which culminated in him holding the position of CEO of a national chemical manufacturing and distribution company for almost 7 years.
Key Responsibilities included managing over 16 direct reports across 10 functional areas (sales, marketing, finance, administration, warehouse, production, logistics, quality assurance, human resources and purchasing), and managing 14 sales people plus 4 customer service staff nationally to achieve targets.
In 2011, Paul returned to consulting and his love for corporate coaching, training and development. Paul’s strengths are his knowledge and experience in the area of leadership and management, strategy and sales, and working with staff to determine a clear and balanced definition of performance to align and drive the “right behaviours”.
Paul has a Diploma in Marketing and is currently studying to complete his Diploma of Management.
Michael has extensive experience in ASIC Regulatory Compliance Policy and Procedural Guidelines and License approval requirements, and has held Senior Management and Management positions with the ANZ Banking Group, and held a range of strategic and operational roles, incorporating Credit and Risk Management and Operations and Technology Training for the ANZ Bank’s global operations.
Michael has more than three decades of experience in the financial services industry, specialising in business analysis and compliance/risk management. Michael’s exposure to funds management dates back to June 2009 when he joined then newly formed Bespoke Portfolio Pty Ltd as a director and was intimately involved in the ASIC license approval process for Bespoke’s Funds Management license.
Whilst with Bespoke, Michael was also responsible for developing and embedding ASIC compliant policies and procedures, establishing Compliance and Risk Management Committees and delivering Compliance training to staff.
Michael joined Kinsmen in December 2016 undertaking a comprehensive review of Kinsmen policies and procedures to ensure internal work practices were in line with ASIC Licensing requirements. Michael was appointed Compliance Officer and joined the Kinsmen Compliance Committee in January 2017.
Kinsmen maintains a Credit Committee consisting of one Kinsmen executive director and one non-executive director. The committee is responsible for evaluating all opportunities in accordance with the criteria set out in Kinsmen’s lending policy, Information Memorandum and/or Product Disclosure Documents. The committee actively performs covenant monitoring and implements early escalation of potential issues with any loans. This includes instigating early remedial action to reduce the incidence of defaults and increase the opportunity of high recovery rates. Once accepted by the Credit Committee, all loans are formally signed-off by the Board before being approved.