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Michael Monaghan
Non-executive director
Professional Background
Michael Monaghan is a distinguished Non-Executive Director with a wealth of experience spanning over thirty years, predominantly in board-level roles across diverse sectors including superannuation, banking, and consulting. His impressive career has allowed him to serve both for-profit and not-for-profit organizations, and he has held significant board positions not just in Australia but also internationally. His extensive expertise stretches across countries including Japan, the Cayman Islands, Indonesia, Singapore, Hong Kong, Korea, and India.
Currently, Michael serves as a Non-Executive Director at Alpha Vista Financial Services, a renowned global asset management company. In addition to this role, he is also the Deputy Chairman and Chair of the Finance Committee at HammondCare, a respected aged care provider. He actively contributes to the governance and strategic direction of HammondCare through his involvement in the Property and Nomination Committees. His past leadership roles include Non-Executive Director of Intech Investment Consultants and Chairman of Deutsche Trust Bank in Japan, showcasing his strong influence in the financial services sector.
Michael has developed a robust skill set that includes strategy development and execution, leadership and people management, as well as comprehensive finance knowledge that encompasses actuarial principles, capital and balance sheet management, pricing strategies, and risk management and compliance. He has fostered strong relationships with regulators such as ASIC and APRA, enhancing his professional credibility in the financial landscape. Furthermore, his business acumen extends to mergers and acquisitions, investments, and governance. Recently, he has concentrated on expanding his expertise in digital distribution, cloud computing, data analytics, artificial intelligence, and cyber risks, positioning himself at the forefront of the evolving financial technology landscape.
In an executive capacity, Michael previously held the role of Managing Director at StatePlus, where he notably increased Funds Under Management (FUM) from $9 billion to an impressive $17 billion—marking an 80% growth. Annual gross inflows also saw substantial growth, rising from $1.3 billion to $2 billion (+50%), while he significantly enhanced the Net Profit After Tax (NPAT) from $33 million to $47 million (+40%). His leadership in these areas not only reflects his financial acumen but also his exceptional ability to drive organizational growth and success.
Before his tenure at StatePlus, Michael was a Partner at Deloitte Touche Tohmatsu, where he utilized his consultancy skills to provide expert advice on superannuation and investment strategies. His career also includes a pivotal role as Chief Executive Officer at Intech Investment Consultants, along with key positions at Deutsche Bank, where he served as Regional Chief Operations Officer for Asset Management and Private Banking across the Asia Pacific region. His diverse portfolio further includes significant roles at IBM and City Mutual Life, where he honed his capabilities in banking, financial services, and operational leadership.
Education and Achievements
Michael Monaghan began his academic journey at Macquarie University, where he obtained a Bachelor of Arts in Actuarial Studies. His commitment to professional development is evident through his status as a Fellow of several prestigious organizations, including the Institute of Actuaries of Australia, the Institute and Faculty of Actuaries, and the Australian Institute of Company Directors. These affiliations not only exemplify his dedication to the field but also reinforce his expertise in actuarial science and corporate governance.
His career spans a remarkable array of leadership positions, reflecting his strategic insight and ability to navigate complex challenges within the financial sector. He has consistently exhibited a strong capability to implement effective solutions aimed at driving profitability and enhancing operational efficiency. His role as a thought leader in the fields of finance and superannuation has made a profound impact on the organizations he has been a part of, further establishing his reputation as a trusted advisor in both the public and private sectors.
Achievements
- Transformative Leadership at StatePlus: Michael's tenure as Managing Director was marked by significant financial growth and organizational transformation, showcasing his capacity to lead successful initiatives that create lasting value.
- Innovative Governance at HammondCare: As Deputy Chairman and committee leader, he has played a vital role in shaping the strategic direction of HammondCare, ensuring a high standard of governance in the aged care sector.
- Global Influence: His experience spans multiple countries and cultural environments, allowing him to build a deep understanding of international market dynamics and regulatory frameworks.
- Commitment to Professional Development: His Fellowships with key actuarial and directoral institutes highlight his ongoing commitment to elevating industry standards and embracing continuous learning.
- Expertise in Emerging Technologies: By focusing on digital distribution and data analytics, Michael positions himself as a forward-thinking leader ready to embrace the next wave of innovation in financial services.
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Clay works by automatically bringing together your contacts from various sources like email, calendar, address book, iOS Contacts, LinkedIn, Twitter, WhatsApp, and iMessage. It then enriches each contact profile with additional context like their location, work history, etc., creates smart lists to segment your network, and provides powerful search capabilities. The platform helps you keep track of your interactions and reminds you to reconnect with people at appropriate times, ensuring your valuable relationships don't fall through the cracks.
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Clay offers many advantages over other personal CRMs. Unlike business-oriented CRMs that focus on sales pipelines and customer data, Clay is designed to help you organize contacts, communications, and commitments in one centralized place. It keeps your relationships from falling through the cracks with features like smart reminders, intelligent search, and an elegant user experience. Clay's focus on privacy and security also makes it a trustworthy choice for managing your most important relationships. Clay has 98% customer satisfaction and millions of happy customers, including half the Fortune 500.
Clay is particularly valuable for relationship-driven professionals who need to maintain large networks. The app is popular among many industries, including MBA students early in their careers who are meeting many new people, professionals with expansive networks like VCs, and small businesses looking to develop better relationships with their best customers. Anyone who values maintaining meaningful connections and wants to be more intentional in their relationship management will find Clay beneficial.
Clay offers competitive pricing in the personal CRM market. Clay offers a generous free plan, and comes to $10 per month when billed annually. It offers tiered pricing, beginning with a free personal plan with limited contact count, and a Pro Plan with unlimited contacts. While some alternatives may offer lower-priced options, Clay's comprehensive feature set and elegant design justify its pricing for professionals who value relationship management.
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