Martin McLeod
Finance Executive
Sydney,NSW
Summary
Versatile Finance Executive with proven abilities across all levels of organizational management. Talented in developing and delivering against strategic goals, developing new partnerships, creating high performing teams, enabling execution of critical priorities. Proven leader with significant background in Financial Services.
Overview
22
22
years of professional experience
7
7
years of post-secondary education
Work History
Managing Director
Citibank US Consumer Bank
01.2019 - 05.2021
- Head of Financial Planning & Analysis (reporting to US CFO, US CEO) 4th largest bank in USA.
- 140 million customers, $US170Bn in assets, $US20Bn in revenues & $4Bn in operating profit.
- Responsibilities:.
- Responsible for all aspects of strategic, financial, and capital planning of the North America Consumer Bank.
- Improve return on capital through execution of the business strategy, transformation of business model and execution/evaluation of investments for future growth.
- Work closely with CEO/Investor Relations to support Board level and external disclosures as part of quarterly earnings, investor communications and industry conferences.
- Lead 60+ strong team with focus upon career development and diversity Achievements: -.
- Finance lead for 2025 strategy refresh.
- Developed the strategy & business initiatives to increase Return on Equity by 33% by 2025.
- Developed CoVID 19 crisis plan during 2020.
- Actions implemented saved over $500MM in tactical expense reductions, credit line management, reduction in non-essential investments.
- Implemented Investment and Productivity saves of >$1B (19-21) and ~$0.7Bn in re-investment into key growth initiatives (Digital ecosystems, Wealth platforms, Card partnerships).
- Significantly enhanced decision-making framework.
- Executed regular CCAR exercise and implemented capital planning saves of $3Bn (~10% of allocated capital).
- Developed the US Consumer narrative for CEO and CFO discussions at quarterly earnings, Investor conferences.
- The new entity becoming a key priority of new Citi CEO.
- Digital Transformation Lead.
- Radical simplification of financial processes including: - data source consolidation, planning platform & visualisation (Tableau implementation) across US Consumer Bank Finance.
- Established NA Consumer Bank Finance & Capital Planning function (60 staff, +6 locations).
- Bringing together 3 separate finance teams, restructuring to improve insight, align processes and provide career development.
- Voice of Employee President for department.
- Promoting Engagement, Communication, Recognition and Diversity through a range of employee led programs.
- Member of the Racial Diversity committee promoting Black, Hispanic and Asian opportunities within Citi.
Chief Financial Officer
Citibank Philippines, Citigroup Philippines
08.2016 - 12.2018
- Reporting to Asia CFO) Largest international bank in Philippines.
- Bank of choice for multinationals and affluent consumers.
- Responsibilities:.
- Reporting to Country CEO and Asia CFO.
- Responsible for all aspects of financial management and strategic planning of the Philippines business.
- Key remit was to drive business results, responsibility over the completeness and accuracy of financial reporting/disclosure across 13 legal vehicles for local and US regulators.
- Achievements: -.
- Citi Philippines growth accelerated from a Revenue CAGR of 2% (12-15) and flat on EBIT to 2017-18 Revenue ~12% growth and EBIT up 13%.
- Spearheaded a 3-year strategic plan during 2016 to create ambitious targets, identify resources to enable growth through resource re-allocation.
- Lead for one-time transactions of material non-core assets including real estate, merchant acquiring business, legacy stock holdings and prepaid cards.
- Net gain on sale to franchise +$50MM.
- Arrested a local liquidity shortfall through partnership with Treasury to create incentives designed to raise price of higher priced cash deposits to enable faster and higher yielding loan growth.
- Introduced a new engagement program to promote inclusion, career development and sense of purpose.
- Engagement scores increased from 60% in 2016 to 95% in 2017.
- A huge success.
Head of Asia Consumer Bank
Citibank Asia
02.2014 - 07.2016
- Financial Planning & Analysis (reporting to Asia FP&A Head and Asia Consumer CEO).
- 17 markets across Asia and EMEA.
- 1 leading international consumer bank.
- US7Bn Revenue franchise.
- Responsibilities.
- Responsible for all aspects of strategic, financial, and capital planning of the Asia Consumer Bank.
- Be the ‘trusted advisor’ to the Asia Consumer Bank Business Heads and drive business performance and alignment of strategy across the region.
- Provide detailed insight to Global CFO and Investor Relations for quarterly earnings announcements and Annual Planning exercises.
- Rebuild the Planning & Analysis Team in support of Asia Global Consumer Banking (Cards, Wealth Management, Commercial Banking, Mortgages) priorities, including the development and leadership of Singapore, HK and Mumbai based team members.
- Achievements: -.
- Completed a Strategic review of GCB Asia franchise in conjunction with new Asia GCB CEO.
- Prepared 3-year strategic plan with business embarking on a radical change in branch footprint and reallocation of resources to growth markets.
- Led non-core business workstream to divest non-core assets (sale of Merchant acquiring business +$90MM gain, business banking).
- Implemented a broad productivity program saving over 4% of operating expenses for the organisation annually (>$100MM).
- Successfully merged EMEA and Asia FP&A teams under Asia leadership.
- Developed an integrated remote working model by leveraging Mumbai centre of excellence.
Director of Strategy and Finance
Citibank Australia
11.2012 - 02.2014
Strategy, Product and Finance roles
Citibank
09.2003 - 06.2011
- Strategy & Business development (new partnerships), A variety of positions held covering credit cards business development, portfolio acquisitions and new business partnerships (Bank of Queensland, Suncorp, Cuscal, Virgin Money).
- Retail bank financial management, operations and technology.
Audit and Assurance
PricewaterhouseCoopers
01.1995 - 01.2001
- Commerce & Industry.
Education
Post Graduate -
Membership Institute of Chartered Accountants Australia
01.1999 - 09.2001
Bachelor of Commerce - Commerce (Accounting & Business Law)
University of New South Wales
Sydney 03.1994 - 11.1998
Skills
Chief Financial Officer
Build high performing teams
Strategy Development / Business advisory
Productivity & Cost Optimisation
Strategic Investment Analysis
Digital Finance Transformation
Investor Relations
Accomplishments
- Board memberships: 2016-2018 - Board of Trustees, International School of Manila (ISM).
- 1 private school in Philippines.
- Multiple Citi Philippines entities (Country Coordinating Committee, Brokerage entity)Performance: - Consistently promoted, most recently to Managing Director 2020.
- High Potential” Talent Designation with 1 and 2 grading (top 25%) over past 10 years.
Timeline
Managing Director
Citibank US Consumer Bank
01.2019 - 05.2021
Chief Financial Officer
Citibank Philippines, Citigroup Philippines
08.2016 - 12.2018
Head of Asia Consumer Bank
Citibank Asia
02.2014 - 07.2016
Director of Strategy and Finance
Citibank Australia
11.2012 - 02.2014
Strategy, Product and Finance roles
Citibank
09.2003 - 06.2011
Post Graduate -
Membership Institute of Chartered Accountants Australia
01.1999 - 09.2001
Audit and Assurance
PricewaterhouseCoopers
01.1995 - 01.2001
Bachelor of Commerce - Commerce (Accounting & Business Law)
University of New South Wales
03.1994 - 11.1998