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We’re committed to developing a culture of expert and passionate people. Successful teams create success for our customers, our shareholders and our community.

Our people

We’re committed to developing a culture of expert and passionate people. Successful teams create success for our customers, our shareholders and our community.

We recognise the importance of attracting, developing and retaining talented people to help us drive our vision of helping Australians meet and exceed their superannuation, investment and retirement planning needs.

As part of Commonwealth Bank, we can provide extensive career and development opportunities across the Group for our talented employees. Driven by the leadership team, we offer mandatory and structured learning, as well as our Future Leaders program. We maintain a strong focus on development planning and identifying individual needs.

Our teams are working closely together to share best practice, ideas, innovation and knowledge, as well as being involved in projects that extend across the wider Wealth Management business and the broader Commonwealth Bank.

We support this vision further by our commitment to flexible working arrangements for our people, a celebration of diversity and wellbeing, and an enduring commitment to the community.

Our leaders

Our highly skilled and experienced Executive team manage the daily operations of Colonial First State, and deliver on established policies and strategies. Meet our independent Trustee and Responsible Entity Board.

Through their own careers, our leaders have made significant contributions to the broader wealth management industry. They are highly regarded and recognised by the industry. 

Our leadership team is united and collaborates well. They have a respect for the past and decisions that have come before them, whilst having a real passion for the future. Most importantly, they are committed to equipping our teams with the skills required to provide world-class service to our customers.

Meet our executive team

Michael Venter - Chief Operating Officer, Colonial First State

Michael Venter was appointed Chief Operating Officer, Colonial First State in July 2019. Since joining the Commonwealth Bank of Australia (the Group) in January 2004, Michael has held a number of senior leadership roles, including Deputy Chief Financial Officer and more recently as Chief Operating Officer of Wealth Management. He has also spent 2½ years in Hong Kong with the Group as CFO of its International Financial Services division.

Michael is an experienced company director with appointments including ASX listed REIT’s, global infrastructure funds, banking, insurance and financial services generally. He has also served on boards in developing countries including China, Vietnam and South Africa.


Before joining Commonwealth Bank in 2004, Michael was at AMP & prior to that he served in senior finance executive roles within Nedcor Bank, one of the ‘Big 4’ banks in South Africa.

Michael is a Member of Chartered Accountants ANZ and has a Post Graduate Degree in Accounting.


Brad Massey – General Manager Fund Services Colonial First State

Brad Massey has been the General Manager Fund Services* for Colonial First State at the Commonwealth Bank of Australia since 2008. Brad recently returned from his secondment in March 2019 from his role of General Manager Strategic Projects for Colonial First State that he commenced in January 2019.

Brad has been employed by the Group since 1994. Brad’s key responsibilities include asset servicing, unit pricing and fund accounting; financial reporting; tax and compliance & risk management for Colonial First State Investments Limited (CFSIL) and others in the wider Commonwealth Bank Wealth Management organisation.

Brad holds a BA (Accounting) from the University of Western Sydney Nepean, a Graduate Diploma in Applied Finance and Investments from the Securities Institute of Australia, and is a Certified Practising Accountant (CPA).


Todd Stevenson - Chief Member Outcomes Officer

Colonial First State (CFS) exists to drive better individual retirement outcomes for you, our members. The role of the Chief Member Outcomes Officer is to break down silos and work across and into the entire organisation to ensure that absolutely everything we do is member led, drives better member outcomes and results in a member obsessed culture. In this role Todd and his team are responsible for the end-to-end member experience, the CFS digital strategy, the CFS data office, analytics & business intelligence, member advocacy, events and Human Centred Design.

Before his appointment to Chief Member Outcomes Officer in 2019, Todd was the General Manager, Customer & Marketing at CFS and prior to this he was the General Manager, Marketing for CBA Wealth Management from 2015 to 2017.

Todd joined CFS in 2010 and joined the Financial Services industry in 1998. He has deep global experience having worked in the UK, China and the USA across Distribution, Administration and Strategy roles. He has worked in both the institutional and retail markets. Prior to joining CFS, Todd led the Global Innovation Council and was the China entry business lead for Russell Investments.

Todd has an MBA from Sydney University where he also lectures.

Scott Henricks - General Manager Client Operations
Scott was appointed to the role of General Manager Client Operations for Colonial First State in July 2014.

He has been with the Commonwealth Bank of Australia Group (the Group) since December 2002, most recently as General Manager Branch Transformation, which involved leading the ‘Branch Of The Future’ program within the Retail Bank.

Prior to joining the Group, Scott was the Operations Director and a member of the Executive team at 7C UK (formerly AT&T). He also held managerial roles within AT&T based at their London office.

Scott has an MBA from the University of Sydney and a Double Honours BA degree in Political Science and Economic History from the University of New South Wales.

Kelly Power - General Manager Product

Kelly Power was appointed to the role of Joint Executive General Manager (Acting) for Colonial First State in March 2019 responsible for managing and driving the development of Colonial First State's products, marketing, advocacy and CFS Operations. Previously, Kelly was the General Manager Product for Colonial First State at the Commonwealth Bank of Australia since March 2018.

Kelly Power was appointed to the role of General Manager Product for Colonial First State at the Commonwealth Bank of Australia in March 2018. Prior to joining the Commonwealth Bank of Australia, Kelly was the Head of Platforms at BT Financial Group. Kelly has also held other executive management roles within BT Financial Group focusing primarily on the management of Platforms.

Kelly holds a Bachelor in Communications (Major in Marketing) from UTS, a Diploma of Management from the Australian Institute of Management, a Diploma of Financial Services from Integratec and has completed the Company Directors Course at the Australian Institute of Company Directors.

Scott Tully - General Manager Investments

Scott has led the Colonial First State Investments team since 2002. The team was formed following the merger of Colonial First State and Commonwealth Investment Management and has responsibility for the management of a range of investment portfolios available to Colonial First State’s clients. These include the FirstChoice Multi-Manager and Multi-Index portfolios in addition to the MySuper Lifestage strategies available to superannuation members via Commonwealth Essential Super and FirstChoice Employer Super. In total, the Colonial First State Investments team has funds under management in excess of $55 billion (as at September 2019).

Having spent 3 years with William M Mercer in the field of Superannuation Consulting, Scott joined State Bank of NSW in 1992 as an Actuarial Analyst and subsequently had a variety of roles in credit, market risk and financial markets. Following Commonwealth Bank’s acquisition of Colonial Limited (and its subsidiary Colonial State Bank) in 2000, Scott reported to the Group Executive, Institutional Banking before joining Commonwealth Investment Management in the role of Portfolio Manager, Implemented Advice.

Scott holds a Bachelor of Science (Mathematics) from the University of NSW. He has also completed the Graduate Diploma in Applied Finance and Investment from the Financial Services Institute of Australia.