Honan Coverage Group (Honan) has appointed Jacob Gunzburg to the recently created function of chief financial officer (CFO).
Gunzburg is a chartered accountant with above 22 many years of financial accounting encounter, together with economical reporting, company accounting, mergers and acquisitions (M&A), and monetary danger management. He also held senior finance positions at Downer and Spotless Group Holdings Minimal, blended with over 10 decades of knowledge at KPMG.
In his new purpose at Honan, Gunzburg will be dependent in the Melbourne head workplace and oversee around half a billion pounds in premiums and $100 million in profits. He will also be liable for the strategic money administration of the firm’s M&A activity and integration, a key precedence since it partnered with non-public fairness company TA Associates in 2020.
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Honan chief working officer (COO) Laurence Basell made use of to be liable for the business’ strategic fiscal management. Even so, a compounded annual progress level of a lot more than 25% around the very last 3 years has pushed the need to have for a standalone CFO job.
Commenting on the recently produced position, CEO Andrew Fluitsma said Gunzburg will bring strategic stewardship and statutory oversight to the swiftly rising company’s accounting and finance function.
“We are now a enterprise of a lot more than 350 people today, and Jacob’s appointment demonstrates our lofty ambitions to shut the gap on our bigger opponents and proceed to challenge larger institutional brokers,” Fluitsma mentioned.
Gunzburg commented: “This is my initially foray into the insurance plan market, and Honan’s challenger mentality and want to do points otherwise [are] what attracted me to the part. Honan’s solid overall performance and international community are outstanding, and I’m seeking ahead to contributing to the next period of development.”
Honan was one particular of the excellence awardees at the Coverage Small business Australia Awards 2022 and winner of a single of Insurance policy Enterprise Australia’s 5-Star Know-how awards 2022.