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.
Mr Willis has had a career spanning over 40 years within financial services, including board and executive management positions with major European and Australasian banks. He has completed a Management Development program at the Harvard Business School. Mr Willis is a Senior Fellow of the Financial Services Institute of Australasia, Australian Institute of Bankers, Australian Institute of Company Directors, Chartered Institute of Bankers (Scotland) and the Governance Institute of Australia. Mr Willis was appointed the Chairman of the Board on 30 October 2018.
Mr Hassall is currently the Chief Financial Officer of Newcastle Permanent Building Society Limited. He is a Chartered Accountant with over 15 years’ experience including ten years in the Financial Services Industry (customer owned banking) and four years in Chartered Accounting firms. Mr Hassall has held several positions within Newcastle Permanent Building Society in Risk Management and Finance. Mr Hassall previously held roles in Chartered Accounting and Pharmaceuticals. He is a member of the company’s Audit and Risk Committees.
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.
Ms Sweeny is currently the CEO of Summerland Credit Union Limited. She has a diverse background in banking, accounting, finance, construction, education and computing within both the public and private sectors.
Ms Sweeny is an active community member and public speaker. Her numerous community positions include being the current Chair of Credit Union Foundation Australia (CUFA), the development agency for the Australian Credit Union Movement, and a former member of Southern Cross University Council including Chairperson of the Audit Committee and Finance Committee. Ms Sweeny is also the patron of the Friends of the Koala Inc in the Far North Coast of NSW. She is a member of the HR & Remuneration Committee.
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 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.