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 Board of Directors

 

We set the same high standards for our own board as we do for the boards of the companies we invest in. The composition and diversity of the board is essential to its effectiveness and our diversity policy requires that a minimum of 40% of directors must be either female or male to ensure gender diversity.

With the exception of the Chief Executive Officer, all board members are independent non-executive directors who may not serve for a period of more than 10 consecutive years.

The board oversees corporate governance, strategy, sustainability practices and stakeholder reporting. There are three board sub- committees: Audit, Risk and Compliance, Investment, and Remuneration and Nomination.

     

     

Board news

We are pleased to announce the official appointment of Zarmeen Pavri as a Non-Executive Director.

 

 

Non-executive directors​

 

David Cousins AM

Chairperson, Non-Executive Director

AM PhD

Committees: Investment & Remuneration and Nomination

 

​David is an economist with specialisations in competition, consumer and prices policy, and regulation. He has amassed over 35 years' experience in high level roles in the public sector, complemented by significant experience consulting to the private sector. He has had a long association with Monash University, previously teaching in the Economics Department and currently serving as an Adjunct Professor in the Faculty of Law. In 2009, David was made a Member of the Order of Australia AM for 'service to the community through a range of executive roles contributing to the administration and development of consumer policy and legislation'.

Former Appointments:

  • Director of Consumer Affairs Victoria
  • Commissioner of the Taxi Industry Inquiry
  • Director of KPMG Consulting
  • Commissioner of the Australian Competition and Consumer Commission
  • Chairman and Member of the Prices Surveillance Authority

"Ethical investment is all about aligning personal values with investment choices. The Ethical Investment Policy of UCA Funds Management, which guides our investment practices, emphasises things that are important to me, like environmental sustainability and social justice.
As a Non-Executive Director, I can help ensure the Policy is effectively applied so that our organisation has real impact in these areas, as well as providing financial benefit for our investors. A genuine commitment to ethical investment is what distinguishes UCA Funds Management from most other investment managers".


 
 

Jane Bell  

Non-Executive Director

BEc, LLB, LLM (London), FAICD

Committee memberships: Audit, Risk and Compliance; Remuneration and Nomination & Investment

 

Jane is a banking and finance lawyer with more than 22 years' experience in senior roles in leading law firms, banks, financial services and corporate treasury operations across Australia, the UK, Canada and the USA. Since 2002, she has held a number of directorship positions and is currently a Non-Executive Director of Monash Health and Jessie McPherson Private Hospital as well as Deputy Chair of Biomedical Research Victoria and Trustee of the Royal South Yarra Lawn Tennis Club Foundation. 

Current Appointments:
  • Director of Royal Melbourne Hospital (Melbourne Health)
  • Audit Committee Member of The Salvation Army
  • Director of Worksafe Victoria
  • Director of The Hudson Institute of Medical Research-Monash Institute of Medical Research-Prince Henry's Institute of Medical Research
  • Deputy Chairperson and Director of Westernport Water Corporation
  • Director of Australian Red Cross (Queensland Division)
  • Director of Queensland Institute of Medical Research Trust
  • Director of Victorian Women's Housing Association 

"Ethical investing incorporates environmental, social and corporate governance (ESG), and ethical issues into investment decisions. Whilst most of our investments are in companies which are neutral, we also conduct positive screening to invest in companies making a positive impact on people and society and apply negative screening to avoid investing in companies that are detrimental. At the same time, we achieve competitive returns and provide a grant back to the community. It is very easy for me to apply an ethical lens to all board deliberations as this reflects my own values, beliefs and risk profile to drive change to create a better world".

 

 

Lindsay Mann

Non-Executive Director
BA, FIAA, GAICD

Committee memberships: Investment (Chair)

 

Lindsay is a Fellow of the Actuaries Institute and brings over 40 years' financial services experience to the board. He has held a number of senior executive positions in funds management, wealth management and life insurance across Asia, Australia and New Zealand. Since retiring as Regional Head, Asia, of First State Investments in 2010, he has been a Non-Executive Director for a number of investment companies and funds in Asia and Australia .

Current Appointments:
  • Director of WAM Capital Limited
  • Director of WAM Leaders Limited
  • Director of Wealth Defender Equities Limited

"Ethical investing is investing for the long-term wellbeing of people, our society and our environment. As a Director of UCA Funds Management I seek to apply the same ethical approach to the way we manage our business and treat our clients and employees, as well as to the way we invest. The world is complex and the most ethical path is not always obvious but we benefit from the input of our staff and business partners".

 


 
Terry McCredden 

Non-Executive Director

BCom (Hons)

Committee memberships: Investment

 

Terry brings 30 years' experience in the Australian superannuation industry to our board, alongside a deep understanding of the issues facing the sector. He is the former CEO of UniSuper and Telstra Super and has now retired from full time executive roles. He has completed advanced management and leadership programmes at Melbourne University, Wharton Business School, University of Pennsylvania and the London Business School.

Current Appointments:

  • Chairman of Infradebt Limited
  • Director of MLC Super (NULIS Nominees (Australia) Limited)
  • Director of Musical Broadcasting Society Limited (3MBS)
  • Chair of the Northern Community Church of Christ Leadership Group
  • Member of the University of Divinity Finance and Investment Committee

"I joined the Board of UCA Funds Management (UCA FM) because of its strong stance on social responsibility in relation to investing. For UCA FM, ethical investing is more than just banning tobacco, alcohol and gambling from its portfolios—it goes far deeper. Our investment team engages with companies on a range of issues including payday lending, use of credit cards for online gambling, gender diversity, and strong integrity in governance.
My wife and I invest personally with UCA FM because we know the operating surplus goes to organisations with positive and effective impacts on people's lives".


 

Fiona Pearse

Non-Executive Director
B.Ec., MBA, FCPA, FAICD  

Committee memberships: Audit, Risk and Compliance & Remuneration and Nomination

 

Fiona has extensive commercial, financial and tax expertise gained from a broad career spanning almost two decades at leading ASX-listed, global companies, BHP Billiton and BlueScope Steel.  She has served in a number of non-executive positions, including as Non-Executive Director of City West Water and as an Advisory Board Member to fintech hub, Stone & Chalk, in which she developed leading-edge governance, risk and compliance software for the financial services industry. She has a Senior Executive MBA from Melbourne University and is a Fellow of CPA Australia and the Australian Institute of Company Directors. 

Current Appointments:

  • Non-Executive Director of Scotch College Melbourne
  • Non-Executive Director of World Vision Australia

Former Appointments:

  • Non-Executive Director of City West Water
  • Non-Executive Director of Presbyterian Ladies' College
  • Non-Executive Director of Charles Pearson Pty Ltd

"Ethical investing is a way of life for me, having been mentored by my father, a person of high integrity and a principled investor. Ethical investing means I help make the world a better place while avoiding harm to people and the planet. It is investing in line with my values. It means I can mentor my children knowing there is alignment between what I believe, what I say, what I do and how I use my money. Ethical investing gives me great peace of mind".

 


 

David Watson 

Non-Executive Director

BCom, FCA, GAICD 

Committee memberships: Audit, Risk and Compliance (Chair)


 

David has been a chartered accountant since 1983 and has significant experience advising c-suites, boards of directors and due diligence committees on matters related to compliance, risk management, governance, complex accounting issues and financial reporting. In 2013, after 33 years of service, he retired from Deloitte Touche Tohmatsu LLC where he was an Audit Partner.

Current Appointments:

  • Chairman at Jarvis Walker Pty Ltd
  • Member of Audit & Risk Committee at University of Melbourne

"Ethical investing provides a platform to empower us all to positively encourage healthy corporate behaviour while also providing a disincentive for inappropriate behaviour.  It is also about raising awareness of those businesses and industries that impact our environment.
I am now at a stage of my career where I have the time to use my expertise and past experience to contribute to a great cause by supporting those people committed to making a real difference".


 

Zarmeen Pavri 

Non-Executive Director

BCom, ACA

Committee memberships: Investment

 

Zarmeen brings to the board over 24 years' experience in the funds management, impact investing and international development sectors. Her multidimensional background ranges from strategy development, investment, and risk management through to institutional sales and business development.  She is a specialist social impact investment technical advisor for the Department of Foreign Affairs and Trade and serves on the advisory board of various impact enterprises. She is an Australian Chartered Accountant and has a Bachelor of Commerce (Sub-Major Law) degree from University of Western Sydney.

Current Appointments:

  • Founder and Executive Director of 37C Pty Ltd
  • Advisory Board at Bio Capital Life Sciences Fund (Life Sciences)
  • Advisory Board at Sunmoyo Pty Ltd (Renewable Energy – Africa)

Former Appointments:

  • Member, Financial Regulatory and Governance Committee of Women in Banking and Finance Association

" Ethical investing is about aligning our values with our investment decisions which allows us to achieve returns while delivering social and environmental good. It provides us all an opportunity to apply, leverage and use the financial system to create a positive impact on people and planet. After 20 years in the field of finance and searching for the bigger purpose, the 'ah-ha' moment came for me when I began working in the arena of ethical investing, sustainable investing and impact investing. It was the missing piece of the puzzle in terms of matching my work with my personal values for the maximum impact. Through ethical investment I can authentically claim to be walking my talk and can leave the world in a better place than when I first arrived on this planet."

 

​​Mathew Browning

Executive Director

BSc, MRICS, F Fin 

Committee memberships: Remuneration and Nomination

 

Mathew is the former General Manager of The Myer Family Company (MFCo). He has over 25 years' experience in financial, property and professional services across Australia, Asia and the UK. During a decade at MFCo, Mathew was Head of Investment and Chief Operating Officer before taking on the role of General Manager. Prior to MFCo, he co-founded a boutique fund manager focused on global healthcare equities targeting both wholesale and retail investors.

Mathew is UCA Funds Management's Chief Executive Officer. His signature strength is bringing fresh strategic thinking, pragmatism and agility to nascent business opportunities and established businesses. Mathew is passionate about building great teams that help businesses flourish and have a tangible impact on the success of people's lives.

Current Appointments:

  • Council Member
  • Member Finance and Risk Committee
  • Chair of Investment Committee of Trinity Grammar School, Kew

"Ethical investment marries the practices of prudent financial stewardship with values. It's more than risk management—it's doing the right thing. I find it has a natural affinity with my longstanding beliefs in both conservative economics and social progress. For me, it's simply head and heart in harmony. UCA Funds Management exudes ethical authenticity; there is no 'greenwashing' here. And with loyal clients equally committed to investing with purpose through a wonderful platform for growth, I am excited by the scalability of the impact we are achieving".