ASL was formed in 1993 as a mutual organisation by our founding members to provide settlement services and allow them to participate in the various financial sector clearing streams. ASL today is still an organisation which, like many of its clients, is owned by its members and supplies services to those members. ASL’s members include major mutual financial institutions.
ASL provides high quality, value for money and efficient settlement and transaction processing services to our members. Through the aggregation of our members transactions we are able to significantly reduce transaction costs associated with settling cheque, direct entry, scheme card, BPAY and other financial transactions.
As an Authorised Deposit-taking Institution, ASL is under the supervision and regulation of the Australian Prudential Regulation Authority (APRA) and the Reserve Bank.
ASL was the first non-bank to have an Exchange Settlement Account at the Reserve Bank.
Since inception, ASL has progressively grown our various products and services so as to continue to meet the evolving needs of our members and industry. This expansion has occurred without ever one settlement problem. While starting from a simple settlement service organisation, ASL can now provide our members access to a complete set of payment related services and participation in all the payment clearing streams within the Australian market.
In 2014 along with the major banks, ASL was and remains an initial program participant in the New Payments Platform (NPP) scheduled to go live in 2017. As a program participant ASL is a key player providing guidance to the NPP Steering Committee on the development of the platform. Further information on the New Payment Platform is available on ASL's NPP Solution
Mr Lock is the Chief Executive Officer of Heritage Bank Limited. Mr Lock has more than 30 years' experience in the financial services industry spanning insurance, institutional banking, business development, business banking and corporate banking. He has held senior management roles at the Bank of Melbourne, St George Bank, and the Commonwealth Bank, following a career with the National Australia Bank.
Mr Lock is a Senior Fellow of the Financial Services Institute of Australasia, and a Graduate Member of the Australian Institute of Company Directors. He has a keen interest in leadership and community, and has been part of numerous capacity-building committees in a mentoring capacity. He is a member of the ASL IT Committee. Mr Lock holds a Bachelor of Business and a Master of Business Administration from the University of South Australia.
Mr Jay has over 25 years experience in Banking and Finance (both domestic and international), having held senior roles with the Commonwealth Bank, AMP, the Sydney Futures Exchange, Coal Services and Henry Walker Eltin Limited. David was also a Partner of the International Chartered Accounting firm of BDO.
David holds an MBA, along with numerous other qualifications. He is a Fellow of CPA Australia, a Fellow of the Financial Services Institute of Australasia and a Fellow of the Australasian Mutuals Institute. He is also a member of the Institute of Company Directors and the Institute of Internal Auditors. Mr Jay is also a Director of the Australian Payments Clearing Association (APCA) and eftpos Australia.
Mr Crichton has over 25 years experience across the Financial, Insurance and Manufacturing sectors. He has held technology, transformation and innovation roles in Westpac, General Electric and BHP.
Mr Crichton holds a degree in Computer Science and Mathematics. He is a certified Project Management Professional with the Project Management Institute and a certified Black Belt in Six Sigma.
Mr Kane has over 25 years of experience in the Banking and Finance Sectors. He has held numerous banking roles within the ANZ, Commonwealth and National Australia Banks. From humble beginnings as a commercial banker through to branch and managerial roles Kon has witnessed many changes in the industry and continues to help improve banking services for customers in Australia and Internationally. A highly qualified banking professional with experience in Commercial Banking, Retail Management and International Payments.
Ms Westman has over 10 years’ experience working in Internal Audit and Operational Risk Management. During this time, Rubi spent several years working as an Internal Audit Manager in a Big 4 CA Firm in Sydney. Rubi has extensive experience in working with Internal Audit and Risk Management policies, procedures and systems across a wide range of industries including Financial Services, Consumer Business, Sales & Marketing, Construction within both Australia and the United Kingdom. Rubi holds a Bachelor of Commerce Degree majoring in Accounting and Commercial Law, and is a Member of the Australasian Mutuals Institute.
Mr McGregor has over 25 years of experience working in Risk Management, Compliance, Project Management, Governance, Company Secretarial and Internal Audit. During this time Allan has gained extensive experience through roles in Banking, Insurance, Foreign Exchange and Energy industries in Australia including broader involvement in the Asia Pacific region.
Allan holds a Bachelor of Science Degree and Master of Commerce in Finance and is a Member of the Australian Institute of Risk Management.