Director Profile - Paul Coughlin

Position: Ordinary Member Committee of Management

Appointed: Not Known

Re-elected: N/A

Term Expires: 2025 AGM

Description of Background/Expertise

PAUL A COUGHLIN

G02, 386 GLENFERRIE ROAD, MALVERN, VICTORIA 3142, AUSTRALIA coughlin8888@gmail.com M:+61 409417976 ph +61 3 9822 18

PROFESSIONAL EXPERIENCE

Non-Executive Positions:

Chair of the Rating Committee

CareEdge Global Ratings · Part-timeSep 2024 - Present

CareEdge Ratings (also known as CARE Ratings) is one the major domestic credit rating agencies operating in India. Unlike its major competitors it is not owned or controlled by one of the major global credit rating firms. Care is listed on the Indian stock market through BSE and NSE. CareEdge also operates through subsidiaries in Nepal, Mauritious and in Africa. For more details see https://www.careratings.com/about-us

Recently the CareEdge group has chosen to expand its services to its clients by offering credit ratings which are globally comparable.

FIINRATINGS – Advisor and Chair Independent Rating Committee. 2020 to present.

FiinRatings is a credit rating agency based in Hanoi which seeks to serve the emerging capital markets in Vietnam. It is part of FinnGroup, an established source of Vietnamese economic and financial data.

Liberal Party of Australia (Victorian Division) – Chair: Audit, Risk and Compliance Committee. 2019 to present.

Appointed to the Committee in November 2019 and appointed Chair in August 2020.

ADVISER RATINGS: External Ratings Committee 2019

Adviser Ratings for the past several years has provided data, information and consumer reviews relating to financial advisers in Australia.

VICTORIAN TREASURY CORPORATION Member of the Board (including Audit Committee) 2015 - 2018

VTC is the central borrowing authority of the State of Victoria. Oversight responsibilities include scrutiny of cash management, debt raising, liability management strategies & operations, and compliance.

AMBULANCE VICTORIA 2015 -2018

Chair of the Audit Committee 2015. Appointed by the Administrator to chair an external Audit Committee. Selected in 2016 by the newly appointed Board Chairman as a member of an expanded Audit & Risk Committee.

TAIWAN RATINGS CORPORATION – Taipei, 1996 – 98

Non-Executive director representing Standard & Poor’s on the board of the joint venture ratings agency alongside local directors representing the local financial community and regulators.

ALFRED GROUP OF HOSPITALS – 1992 TO 1996

Non-executive director of 4000 employee Melbourne based public hospital group. Participated in rationalization of the board and right sizing of the workforce. Chaired the Finance and Audit Committee of the Board 1994 - 96

Executive Career:

TEACHING ASSOCIATE, Monash University Business School 2018 - 23

Guest lecturing relating to global financial markets, credit and risk management and related topics.

STANDARD & POOR’S RATINGS SERVICES

GLOBAL HEAD, GLOBAL ANALYTICS & OPERATIONS, - NEW YORK, 2011 TO MID 2014.

Managed global credit rating operations including 2000 analytical, operations and editorial staff. Exhibited superior ability to lead and motivate a large professional team, combined with communication, marketing and general management skills to grow business across multiple locations, while adapting to the needs of an increasingly complex and regulated environment. Position included frequent contact with Corporate, Financial and Government leaders. Achievements included the enhancement of productivity, improving compliance and analytical focus through process reengineering and offshoring. Lead the Structured Finance management team in turning around declining revenue and low morale in the wake of the global financial crisis. Operating loss of $30m improved to a profit of $20m during period of leadership. Outreach was enhanced to include podcasts, webcasts, as well as web enabled analytical applications. Content delivered by a technology neutral platform via subscription channels, industry media, as well as multi-media web site with connections via social media. During my term as global manager revenues grew from US$1,767m to US$2,455m, operating profit grew from US$728 to US$1,074.

GLOBAL HEAD, CORPORATE & GOVERNMENT RATINGS – NEW YORK, 2005 TO 2011

Joined the New York based S&P Executive Committee. Managed over 1100 professionals and support staff, with revenues over $1 billion. Coordinated with IT, Regulatory, Marketing and Sales functions. Provided leadership to the outreach to the investment community following the Global Financial Crisis. Grew business in the bank loan markets – a significant diversification from traditional bond market activities. Non-US share of business increased to 40% reflecting diversification strategies. Initiated new business strategy focused on “Premium Analytics, Premium Service and Premium Pricing”. To improve workforce productivity processes were standardized and simplified and workflow automated. Upgraded IT system and resources, leading to new financial databases, forecasting models and intelligent search tools. Ramped up off-shoring in Mumbai, and Buenos Aires resulting in direct savings of around $70m per year and reduced overheads of around $25m. Operating Profit growth averaged 15% per year – notwithstanding the GFC.

MANAGING DIRECTOR, EMERGING ASIA, CORPORATE & GOVERNMENT RATINGS – SINGAPORE 2003 - 2005

Supervised credit ratings of Corporates, Infrastructure Financings, Financial Institutions and Sovereigns across emerging Asia, and coordinated with affiliates based in Taiwan, Malaysia, Indonesia and India. Role included management of analytical teams, outreach to Investors, developing client relationships and leading media campaigns.

MANAGING DIRECTOR, CORPORATE & GOVERNMENT RATINGS – HONG KONG, 1997 TO 2003

Established S&P’s Asia Pacific Infrastructure Practice, which included utilities and project financings across Asia as well as Australia/New Zealand. Over subsequent years assumed leadership of Sovereign & Public Finance ratings, Corporate ratings and Financial Institutions ratings.

MANAGING DIRECTOR & OFFICE HEAD, GREATER CHINA – HONG KONG, 1995 TO 1997

Founding manager of Standard & Poor’s Hong Kong office. Activities included business development, analytical leadership and outreach to media, investors and government agencies in greater China. Led establishment of a joint venture rating agency – Taiwan Ratings – which has since gone on to become the leading domestic rating agency.

DIRECTOR, STANDARD & POOR’S RATINGS – MELBOURNE – 1989 TO 1994

Lead analytical teams covering Australia and New Zealand. Pioneered the coverage of Australian State Governments.

Managed the Structured Finance team during the difficult period of the early 1990’s as property prices declined. Initiated coverage of early credit card transactions. Established the mutual funds practice in Australia.

ASSOCIATE DIRECTOR, AUSTRALIAN RATINGS – MELBOURNE, 1988

Joined Australian Ratings (acquired by Standard & Poor’s in 1990) in January 1988 as an analyst, assignments included a broad variety of industrial companies and financial institutions in Australia and New Zealand.

MANAGER, CORPORATE FINANCE, DOMINGUEZ BARRY SAMUEL MONTAGU (NOW UBS AUSTRALIA) – 1986

TO 1987: Investment Banking including financing and advisory assignments for Corporates and Public Sector entities.

MANAGER, PARTNERSHIP PACIFIC LIMITED – MELBOURNE- 1982 TO 1986

Employed as credit analyst, and progressed through the corporate finance group to the Corporate Advisory group.

OFFICE OF THE TREASURER, THE HON. J.W. HOWARD – PARLIAMENT HOUSE, CANBERRA. 1979 TO 1981

Duties included coordination of departmental and cabinet business, correspondence, question time, legislation, and policy briefings, and other tasks. Frequent interactions with senior civil servants, ministerial staff and cabinet officers.

ECONOMIST – OFFICE OF YOUTH AFFAIRS – CANBERRA 1978

Economic research on issues related to youth unemployment.

RESEARCH ASSISTANT TO MR. DAVID HAMER, M.P. – MELBOURNE, 1977

Speech writing and research – with a particular focus on economic issues.