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Our People

State Trustees is committed to achieving and demonstrating the highest standards of corporate governance.

State Trustees is governed by a Board of Directors, appointed by the Victorian Treasurer on behalf of the people of Victoria.

The Board provides strategic guidance within a framework of prudent effective controls that enables risks to be assessed and managed.

State Trustees Executive Management develop and implement the operational and corporate plan and is accountable to the Board for expenditure, operations and administration in accordance with strategy, policies and legal requirements.

Board of Directors

Jennifer Acton - Chair

Jennifer Acton


1 December 2015
Committees: Member – Audit, Risk and Compliance Committee, Member – Investment Committee.

Experience: Professor the Honourable Jennifer Acton is the Chair and a Non-Executive Director of the Company. Jennifer is also the Chair of the Port of Hastings Development Authority and a consultant. She has previously been a Director in the transport, water and education industries.

Jennifer is a leading proponent of ethical and evidenced-based decision making underpinned by sound corporate culture.

She has demonstrated expertise in strategic development, continuous improvement, stakeholder engagement, collaborative conflict resolution, workplace relations and sound governance. She has been a leader in many areas, with more than 20 years’ experience as a Presidential member of industrial tribunals and in the area of national economic policy.

In her work she has championed a public benefit strategy and sustainable fee reductions, overseen contracts for port growth, instituted technological solutions to operations, lectured in employment law, facilitated major industrial outcomes and productivity improvements for the infrastructure, services and manufacturing sectors and conducted peer review of decision making.

Jennifer was awarded the Centenary Medal in 2001 for her significant contribution to Australian society.

Helen Hambling

Helen Hambling

BA, MPubPol
21 February 2017
Committees: Chair – Remuneration Committee, Member – External Stakeholder Engagement Transformation Committee.

Experience: Helen is a Non-Executive Director of the Company. Helen has worked as a senior executive for the Australian Government in areas including disability, housing, homelessness, Indigenous affairs, childcare, gambling, child protection and family services

Helen has also worked as Chief of Staff for several Commonwealth Ministers and has extensive experience in Australian public policy. More recently Helen has provided policy and communications advice as an independent consultant to governments and not for profit organisations.

From 2013 until 2016 Helen was the independent advisor to the inaugural Chair of the Board of the National Disability Insurance Agency, Dr Bruce Bonyhady AM.

Theo Theophanous

Theo Theophanous

BA (Hons)
4 April 2017
Committees: Member – Investment Committee, Member – External Stakeholder Engagement Transformation Committee.

Experience: The Honourable Theo Theophanous is a Non-Executive Director of the Company. Theo is a former Victorian Government Minister, who has held a number of senior portfolios. He brings to the Board a range of skills in governance, accountability, strategic thinking and negotiation.

Highlights of Theo’s Ministerial career include: as Energy and Resources Minister, introduced the Victorian Renewable Energy Scheme, construction of Basslink and largescale wind facilities. As Industry and Trade Minister, negotiated packages to bring Etihad, Qatar and other airlines to Victoria, hybrid car production and largescale investment. As Major Projects Minister, developed AAMI stadium, Major Hospitals, Recital Centre and a range of other projects. As ICT Minister, helped bring IBM to Ballarat, supercomputer to Melbourne University and investment in the digital economy.

Theo served on the Board of NICTA and steered the transition to Data61 as part of CSIRO. He is currently on the Board of the Victorian Planning Authority and is a specialist advisor to a number of CEO’s in the private sector. Theo is a media commentator, has written many articles published in mainstream media, especially the Herald Sun, and actively advocates for Diabetes awareness.

Cressida Wall

Cressida Wall

LLB(Hons), BA(Juris)
1 December 2015
Committees: Chair – External Stakeholder Engagement Transformation Committee, Member – Remuneration Committee.

Experience: Cressida Wall is a Non-Executive Director of the Company. Cressida has 15 years experience leading long term strategy and leadership experience at senior levels in the public sector.

Cressida is currently the Executive Director of the Property Council of Australia (Victoria). She has extensive Government and public policy experience gained through working as Head of Policy Development for former Premier John Brumby; Chief of Staff to Tim Pallas MP, former Minister for Roads, Ports and Major Projects; Senior Infrastructure Adviser to former Premier Steve Bracks; Chief of Staff to former Deputy Premier and Treasurer of South Australia; and Chief of Staff to the former Attorney General of South Australia.

Cressida has also worked as a Solicitor for Corrs Chambers Westgarth and Minter Ellison.

Cressida has a Bachelor of Laws (First Class Honours), Graduate Certificate in Legal Practice and Bachelor of Arts (Jurisprudence).

Mark Toohey

MAppFin, BBus (Acctg), FCA, FCPA
1 December 2015
Committees: Chair – Audit, Risk and Compliance Committee, Member – Investment Committee.

Experience: Mark Toohey is a Non-Executive Director of the Company. Mark is also the Chief Financial Officer and Company Secretary for ANZ Terminals Pty Limited.

Mark was previously Chief Financial Officer for Chandler Macleod, Executive Director and Chief Financial Officer for GE Capital in Asia and Australia, and held executive finance roles at ANZ Banking Group. He is currently a Councillor and the Finance and Investment Committee Chair for Victoria University. He recently retired as a Director and Finance Committee Chair of OC Connections, a not for profit that provides support individuals with intellectual disability.

Mark has a Masters of Applied Finance and Bachelor of Business (Accounting). He is a Fellow of the Institute of Chartered Accountants Australia, a Fellow of CPA Australia and a graduate member of the Australian Institute of Company Directors

Angela Emslie - Director

Angela Emslie

18 May 2020
Committees: Chair – Investment Committee, Member – Audit, Risk and Compliance Committee.

Experience: Angela is a Non-Executive Director of the Company. Angela is an experienced non-executive director and has a wealth of expertise in governance, strategy, superannuation and investments having served on a range of superannuation funds and related boards for over 25 years.

Angela is a non-executive director at RGA Reinsurance Company of Australia, Frontier Advisors, the UN supported global investor group Principles for Responsible Investment (PRI) and serves as an expert advisor on the HESTA Impact Committee.

As Chair of Suicide Prevention Australia, Angela is an advocate for national leadership in suicide prevention. She also extensive experience as a management consultant to the health and community services sector.

Angela is a former Independent Chair of HESTA Super Fund, where she actively fostered a strong member focused culture and a commitment to responsible investment, and a past President of the Australian Institute of Superannuation Trustees (AIST).

She holds a Bachelor of Economics and a Master of Business and is a Fellow of the Australian Institute of Superannuation Trustees (AIST). In 2018 she was honoured with the AIST Trustee of the Year Award for her contribution to Australian superannuation funds.

Tony Clark - Director

Tony Clark

Appointed: 18 May 2020
Committees: Member – Remuneration Committee, Member – External Stakeholder Engagement Transformation Committee.

Experience:Tony is the Chair of the International Association of Public Participation (IAP2) Australasia, the international peak body for community engagement. As a Director at the Victorian Health and Human Services Building Authority (VHHSBA) Tony leads the co-design, engagement and communication practices in our public health, mental health and ageing sectors for major infrastructure initiatives. Losing his sight at the age of 20, Tony is a strong advocate for disability, education, social enterprise and employment issues. He brings extensive leadership experience spanning state and federal government, the non-profit sector and the Australian business community.

Vivienne Nguyen - Director

Vivienne Nguyen

Appointed: 18 May 2020
Committees: Member – Investment Committee, Member – Audit, Risk and Compliance Committee.

Experience: Vivienne is the Chair at the Victorian Multicultural Commission, is an established business executive and community leader, having previously held roles as Group Head of Diversity at the ANZ Banking Group, President of the Vietnamese Community in Australia’s Victorian Chapter and non-executive director at City West Water.

Executive Team

Matt Carrick - CEO State Trustees

Matt Carrick

Chief Executive Officer
BComm, BA
29 October 2018

Prior to joining the organisation, Matt was the Deputy Secretary for Investment and Economic Projects in the Victorian Government’s Department of Economic Development, Jobs, Transport and Resources.

Matt has a mix of public and private sector experience, spending the last decade in the public sector contributing towards building the prosperity of the state through economic development outcomes.

As a purpose driven leader, Matt has a demonstrated track record of achieving outcomes, delivering organisational change and transforming workplace culture.

Matt has completed the Victorian Leadership Development Centre Executive Leadership Program. He was awarded an IPAA Fellowship in 2018.

Sandhya (Sandy) Chakravarty – Chief Financial Officer, Company Secretary

Sandhya (Sandy) Chakravarty

General Manager, Corporate Services

Appointed: 23 May 2017

Sandy is responsible for the Corporate Services division comprising Finance and Investments, People and Culture, Information Technology, Legal, Audit, Risk and Compliance

Sandy is a strategic leader with an executive and non-executive career of more than 25 years spanning Australian and international organisations including Australian Red Cross, Boston Consulting Group, Bristol-Myers Squibb and Ingersoll-Rand.

Sandy currently serves as the Chair of the Audit and Risk Committee at the Southern Metropolitan Cemeteries Trust and is a Trust member. She is also a Board member of the International Women’s Development Agency. Sandy’s previous Board experience also includes Link Community Transport, Eating Disorders (Vic), the National Association of Women in Operations and Australian Red Cross Blood Service.

Josie Brown – Acting Executive General Manager, Client Services

Josie Brown

General Manager, Financial Administration
19 August 2019

Josie Brown is responsible for the Financial Administration division. Prior to her appointment in this role, she was the Acting Executive General Manager for Client Services.

She has experience across a diverse range of banking and finance areas, as a result of over 26 years of experience in the Financial Services Industry.

Josie has been employed with State Trustees since 2007 and has held a variety of Senior Manager and Executive roles in this time, including having led areas such as Deceased Estates, Trusts, Powers of Attorney, Taxation, Property, Client Legal and Financial Planning.

In 2015, Josie was recognised for her excellence in leadership, having been a State Finalist for both the Australian Institute of Management excellence awards and the annual SACS Leadership awards.

Josie is an alumnus of Leadership Victoria’s, Folio Community Leadership Program and volunteers as a mentor for their ongoing programs.

Michael Spiegel

Michael Spiegel

General Manager, Trustee Services

Appointed: : 19 August 2019

Michael is responsible for the Trustee Services division which develops, grows and delivers core Trustee products and services, including wills, attorneyships, executor assist and trust administration.

Michael has had a varied career across financial services, science and academia, including roles at the European Molecular Biology Laboratory and the Australian Regenerative Medicine Institute. Most recently Michael has been a regional Community Manager at Bendigo Bank. Many of Michael’s roles have also involved commercialisation of new products. Michael has qualifications in science, arts and finance and is fluent in several languages.

Andrew Tennant

Andrew Tennant

General Manager, Professional Services
GAICD, BA (Hons)
19 August 2019

Andrew is responsible for the Professional Services division, which provides a range of specialised services to safeguard and improve State Trustees clients financial wellbeing. These services cover the areas of client cashflow, protection and wealth enhancement.

Andrew comes to State Trustees from the financial services industry after a career at NAB and ANZ, where he undertook a variety of roles including district manager of three branch networks, national sales effectiveness and sales development manager, product manager and senior internal audit director.

Andrew has a BA (Honours) in Accounting, is a graduate of the Australian Institute of Company Directors and is Treasurer and Chair of the Audit and Risk Committee for the Ballarat Regional Multicultural Council.

Kerry Ashbrook

Program Director, Client First
25 February 2019

Kerry is responsible for Client First, an internal program to develop and implement a client centred operating model. This will include how we operate, our workflows and client journeys as well as the technology systems that support our clients and our people.

Kerry brings extensive experience as a leader of major transformation program and organisational change and is a subject matter expert across a breadth of disciplines that include business strategy, customer service, enterprise transformation, business architecture and program management. Before joining State Trustees Kerry held many senior roles at Australia Post, she is an active board member, founder and director, has a Master in Business Leadership degree and is an accredited coach.

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