CDF announces appointment of Andrew Carman as Chief Financial Officer and farewells Ward Italiano, GM Finance, Risk & Administration
May 9, 2022

Catholic Development Fund (CDF) is pleased to announce that Andrew Carman has joined the organisation’s leadership team as Chief Financial Officer (CFO). He will contribute to the growth, strategic direction, and leadership of CDF while driving financial and operational performance and reporting to the Board, Committees and CEO.   


Andrew brings with him over two decades of experience in the private and public sectors. Prior to joining CDF, he served as the CFO at BankVic; a member-owned mutual bank with a customer base of 120,000 and assets of $2.8B. He was also a previous Board Member of the Emergency Services Foundation, previous CDF Board Member and former Chair of the CDF Community Fund Australian Financial Services License holder, CDFCF AFSL Ltd. 



Andrew holds a Bachelor of Business in Accounting, Economics & Finance, is a Certified Practicing Accountant (CPA) and a member of the Australian Institute of Company Directors (MAICD). Andrew was educated at Whitefriars College in Donvale. 


‘We are pleased to announce the appointment of Andrew to the role of Chief Financial Officer for Catholic Development Fund. Andrew’s experience with purpose driven organisations, combined with his financial expertise will ensure CDF continues to balance margin and mission for the common good. He will be an invaluable addition to the organisation and leadership team,’ says Matthew Cassin, Chief Executive Officer. 

 

Andrew will take over from Ward Italiano who has decided to return to Western Australia after five years with CDF in Melbourne. To ensure a smooth transition, Ward will remain with CDF until the end of May to help Andrew settle into the role. 


‘I would like to express my sincere thanks to Ward for his significant contribution to CDF. He has been a stalwart of the CDF executive team and a significant enabler of change across the organisation during his time at CDF. The quality and quantity of his contribution to CDF and the wider Church reflects his deep commitment to the Mission of the Church, his strong technical expertise and his exceptional industriousness. On behalf of the CDF Board and staff I would like to wish Ward and his family every blessing for the future,’ says Matthew Cassin. 


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CDPF Limited, a company established by the Australian Catholic Bishops Conference, has indemnified the Catholic Development Fund ABN 15 274 943 760 (the Fund) against any liability arising out of a claim by investors in the Fund. In practice, this means your investment is backed by the assets of the Catholic Archdiocese of Melbourne. The Fund is required by law to make the following disclosure. Investment in the Fund is only intended to attract investors whose primary purpose for making their investment is to support the charitable purposes of the Fund. Investors’ funds will be used to generate a return to the Fund that will be applied to further the charitable works of the Archdiocese of Melbourne and the Dioceses of Sale and Bunbury. The Fund is not prudentially supervised by the Australian Prudential Regulation Authority nor has it been examined or approved by the Australian Securities and Investments Commission (ASIC). An investor in the Fund will not receive the benefit of the financial claims scheme or the depositor protection provisions in the Banking Act 1959 (Cth). The investments that the Fund offers are not subject to the usual protections for investors under the Corporations Act (Cth) or regulation by ASIC. Investors may be unable to get some or all of their money back when the investor expects or at all and investments in the Fund are not comparable to investments with banks, finance companies or fund managers. The Fund’s identification statement may be viewed here or by contacting the Fund. The Fund does not hold an Australian Financial Services Licence.