22 01 29 06:08:50

Cuscal Directors


Elizabeth Proust AO
Independent Chairman

BA (Hons), LL.B, FAICD(Life)

Picture of Elizabeth Proust

Elizabeth was appointed Chairman of Cuscal on 1 June 2020 and Chairman of the Board Governance and Remuneration Committee.

She is an experienced Chair and Company Director, who has had an extensive leadership career in government and financial services. Elizabeth was CEO of the City of Melbourne and subsequently Secretary of the Department of Premier and Cabinet in Victoria. She then spent eight years at the ANZ Group, in three senior roles. Since 2005, she has had a non-executive career in listed and private companies and has served on not for profit boards.

Other Directorship currently held by Elizabeth include:

  • Lendlease Group (ASX:LLC)
  • SuperFriend Industry Funds’ Mental Health Initiative (Chair)
  • GQG Partners (Lead Independent Director)


Craig Kennedy
Managing Director


Craig Kennedy joined Cuscal as its Managing Director in December 2008.

In his role, Craig is responsible for all day-to-day company operations, including corporate strategy and direction. Craig plays an integral role in steering Cuscal’s development to become the preferred partner for all independent and tier two financial services organisations in Australia.

Craig has more than 30 years of experience in the financial services sector, with particular expertise in digital banking and payments.

Prior to joining Cuscal, Craig served as Managing Director of Espreon Limited for four years. He was also head of direct banking at ING and has held a number of senior positions at Advance Bank Australia, State Bank of New South Wales and Monster Worldwide. Craig is a fellow of the Financial Services Institute of Australia.

Other Directorships currently held by Craig include:

  • NPP Australia Ltd
  • Australian Payments Council (member)


Belinda Cooney
Independent Non-Executive Director


Photo of Belinda Cooney
Belinda Cooney was appointed to the Cuscal Board on 18 June 2021. She is Chairman of the Board Audit Committee, and is also a member of the Board Risk Committee. Belinda is an experienced company director and finance professional. She currently serves as the Chief Financial Officer of Interactive Pty Ltd, Australia’s largest privately held IT services company.

She has 30 years’ experience in global financial markets, focused on the Telecommunications, Media and Technology sector, primarily with Macquarie Capital in both principal investments and investment banking advisory. Her experience in working with clients ranges from Fortune 500 companies to early-stage technology ventures and includes working on complex global transactions as well as providing advice on strategy, business transformation, governance, and risk management. She has previously been a Non-Executive Director of 86 400 Holdings Limited.

Belinda holds a Bachelor of Commerce, a Masters of Finance (INSEAD) and a Chartered Financial Analyst designation. She is also a Chartered Accountant, a graduate of the Australian Institute of Company Directors and a Fellow of FINSIA.

Other Role(s) currently held by Belinda include:

  • CSIRO Data61 (Advisory Group Member)


Ling Hai
Non-Executive Director


Ling Hai was first appointed to the Cuscal Board in September 2019 and was subsequently elected by shareholders on 14 October 2020. He is a member of the Board Risk Committee.

In his capacity as co-president for Asia Pacific at Mastercard, Ling Hai oversees all of the company’s activities in the region, including business strategy, sales, business development, product management, marketing, and engagements with business customers and regulators. He also is a member of the company’s Management Committee.

Ling Hai has been with Mastercard for over nine years and has worked across various regions.

Prior to joining Mastercard, he was head of partnership business and co-brand marketing with PCCC, a joint venture between HSBC and Bank of Communications. He has also worked with Bank of America and MBNA in the U.S. in product development and customer insights, and worked in management consulting with Booz Allen & Hamilton and A.T. Kearney in both the U.S. and China.

Ling Hai graduated from the College of Saint Rose in New York and obtained his Master of Business Administration from the University of Chicago, Booth School of Business.

Other Directorships currently held by Ling include:

  • Trustee on The College of Saint Rose Board of Trustees
  • Senior advisory board member of CDIB Capital International
  • Chairman, Mastercard-NUCC
  • Officer, Mastercard Asia/Pacific (Australia) Pty Ltd


Daryl Johnson
Non-Executive Director


Picture of Daryl Johnson

Daryl Johnson was appointed to the Cuscal Board on 24 February 2021. 

He brings extensive financial services experience to Cuscal and has held a number of senior executive roles at ANZ including Managing Director Business Banking. Daryl also held senior roles at National Australia Bank, including Executive General Manager NAB Business and CEO Asia. Daryl’s most recent executive role was CEO New Zealand for Rabobank.

Daryl has a Bachelor of Business, a Master of Business Administration and is a graduate of the Australian Institute of Company Directors.

Other Directorships currently held by Daryl include:

  • Beyond Bank Australia


Wayne Stevenson
Non-Executive Director


Picture of Wayne Stevenson

Wayne Stevenson was appointed to the Cuscal Board on 28 January 2020. He is a member of the Board Audit Committee and the Board Governance & Remuneration Committee.

Wayne brings extensive experience from within the financial services industry involving a broad range of disciplines. This included over 15 years in various CFO and Strategy roles at ANZ involving the undertaking of significant acquisitions, restructures and divestments across Australia, New Zealand and Asia.

Over the past 10 years Wayne has developed his career as a professional director which has included Onepath Life Insurance Ltd, Onepath General Insurance Ltd and QMS Media Ltd.

Other Directorships currently held by Wayne include:

  • Credit Union Australia Ltd
  • BigTinCan Holdings Ltd
  • MediaWorks Holdings Ltd (Interim Chair)
  • ANZ Lenders Mortgage Insurance Ltd


Trudy Vonhoff
Independent Non-Executive Director

GAICD, MBA, BBus (Hons), SF Fin

Picture of Trudy Vonhoff
Trudy Vonhoff was appointed to the Cuscal Board on 10 April 2019. She is the Chairman of the Board Risk Committee, and is also a member of the Board Audit Committee and the Board Governance & Remuneration Committee.

She is an experienced Non-Executive Director and previously served as a director on the Boards of  Ruralco Holdings Ltd (ASX:RHL), AMP Bank Limited, Cabcharge Australia Limited (ASX:A2B) and Tennis NSW. Trudy also held senior executive positions with Westpac Banking Corporation and AMP Bank Limited.

Trudy brings to the Board strong financial, risk management and governance skills, together with deep experience in financial services. She has a Bachelor of Business, a Master of Business Administration and is a graduate of the Australian Institute of Company Directors.

Other Directorships currently held by Trudy include:

  • Australian Cane Farms Ltd
  • Credit Corp Group Limited (ASX: CCP)
  • IRESS Limited (ASX:IRE)


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