Briefs: New Bank of us chair, EY partner joins FRC, Link sells down PEXA and more 21 November 2022 5:30AM Banking Day staff Briefs, Appointments, CBA, Non-bank lender Helen Galloway, chair, Bank of us Bank of us, in Tasmania, has appointed Helen Galloway as its new chair. She joined the bank’s board in 2019. Galloway’s executive experience is in the gaming industry. She is a member of the boards of Hydro Tasmania, TT-Line and TasRacing. Ernst & Young Oceania partner Emma Herd has been appointed to the Financial Reporting Council as a part-time member. At EY she specialises in climate change and sustainability services. The FRC oversees the Australia’s financial reporting framework and is moving to incorporate climate metrics in financial reports. Link Group announced on Friday that it will sell 10 per cent of its 42.8 per cent shareholding in e-conveyancing company PEXA. The planned sale represents around 4.3 per cent of PEXA’s issued capital. Following the sale, Link will make an in-specie distribution of the remainder of its PEXA shares to Link Group shareholders, with the distribution planned for January next year. Link has had a stake in PEXA since 2011. The future of the holding has been in doubt in recent months, after Link received an indicative takeover offer from Canadian technology company Dye & Durham. In a transaction it is calling a landmark for the Australian agricultural sector, Commonwealth Bank has funded a carbon credit project in Western Australia by pre-paying for a portion of the carbon credits that will be generated. The A$1.7 million payment will be used by ecological and social enterprise Forever Wild and carbon project service provider Corporate Carbon, which will acquire and manage pastoral leases where they will establish the project. CBA has prepaid for the Australian Carbon Credit Units that will be generated over a five-year period. The bank said demand for ACCUs is increasing as more businesses make net-zero commitments. Specialist lender QuickFee has appointed Jennifer Warawa as president of its North American business. Warawa is an accountant who has run her own firm in Canada and worked as a senior executive at UK cloud business management solutions company Sage Group. Most recently she was chief commercial officer at DIRTT Environmental Solutions, a US provider of prefabricated interiors for non-residential buildings. QuickFee generates about a quarter of its revenue in the US, where it has operated since 2016.
