Honan Insurance coverage Group (Honan) has appointed Jacob Gunzburg to the freshly produced role of main monetary officer (CFO).

Gunzburg is a chartered accountant with more than 22 years of financial accounting knowledge, like economic reporting, corporate accounting, mergers and acquisitions (M&A), and economical danger management. He also held senior finance positions at Downer and Spotless Group Holdings Restricted, mixed with above 10 years of experience at KPMG.

In his new function at Honan, Gunzburg will be primarily based in the Melbourne head workplace and oversee around half a billion pounds in premiums and $100 million in profits. He will also be accountable for the strategic monetary administration of the company’s M&A action and integration, a essential precedence considering that it partnered with personal equity company TA Associates in 2020.

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Honan chief operating officer (COO) Laurence Basell used to be accountable for the business’ strategic money management. On the other hand, a compounded yearly expansion level of a lot more than 25% around the past three several years has pushed the will need for a standalone CFO job.

Commenting on the freshly created part, CEO Andrew Fluitsma reported Gunzburg will carry strategic stewardship and statutory oversight to the promptly increasing company’s accounting and finance function.

“We are now a enterprise of far more than 350 people, and Jacob’s appointment demonstrates our lofty ambitions to near the gap on our more substantial competitors and go on to problem more substantial institutional brokers,” Fluitsma said.

Gunzburg commented: “This is my first foray into the insurance coverage sector, and Honan’s challenger mentality and motivation to do things in another way [are] what attracted me to the job. Honan’s potent efficiency and world-wide community are amazing, and I’m hunting ahead to contributing to the subsequent section of growth.”

Honan was one particular of the excellence awardees at the Coverage Business Australia Awards 2022 and winner of just one of Insurance policies Enterprise Australia’s 5-Star Technological innovation awards 2022.