Mentor

David Stephen

Mentor

David
Stephen

Download PDF

Overview

David is an experienced Non-Executive Director, adviser and consultant with an extensive international career spanning Australia, the United Kingdom, the USA, Hong Kong and New Zealand. He brings deep expertise in strategy, leadership, governance, culture, mergers and acquisitions, transformation, remediation, and navigating complex regulated environments.

A banking and financial services leader with over 40 years’ experience, David has a strong track record in transformation, risk management, compliance and regulatory engagement across some of the world’s largest financial services organisations.

David began his international career at Credit Suisse Group in London, before moving to Hong Kong and then New York including at Boston Re and Lehman Brothers before returning to Australia and joining ANZ Bank as Group Chief Risk Officer, where he was responsible for group-wide credit, market and operational risk, compliance and loan workout. During this period, he also served as a Founding Director and ANZ representative on the Board of the Risk Management Association (RMA) Australia and as Executive Director of ANZ’s private equity vehicle Special Asset Management.

He later returned to London and joined Deutsche Bank as a Managing Director before joining the Royal Bank of Scotland, initially as Deputy Group Chief Risk Officer and subsequently as Group Chief Risk Officer. In these roles, he led credit, market and operational risk, enterprise risk management, compliance, regulatory affairs and financial crime, overseeing a global team of more than 4,000 full-time employees.

On returning to Australia, David was appointed Group Chief Risk Officer for Westpac Group. More recently, he served as Interim Chief Risk Officer for PwC Australia, where he was responsible for implementing key remediation activities following the Switkowski Review.

David is currently Senior Adviser – Financial Services at Bain & Company, supporting delivery teams on client engagements and the development of key initiatives across the UK, Spain, Germany, the USA, the UAE, Indonesia and Japan. He is also a Non-Executive Director of Judo Bank, Acenda (where he chairs the Board Risk Committee and is a member of the Board Investment Committee and People and Remuneration Committees) and member of the Clean Energy Finance Corporation Rewiring the Nation Investment Advisory Committee. His previous board roles include the International Financial Risk Institute and Breast Cancer Trials.

Throughout his career, David has been recognised for his global perspective, having worked with more than 20 regulators across 15 jurisdictions. He approaches risk as an enabler and has introduced innovative tools and approaches to address complex, multi-layered regulatory and operational challenges. He is known for his integrity, strong ethical standards and commitment to continuous improvement.

David brings deep cross-sector expertise in:

• Strategic leadership – Formulation and execution of strategy, with a strong understanding of macro-economic and geopolitical issues.

• Remediation and stakeholder engagement – Solving complex problems across multiple stakeholder groups and jurisdictions, including cross-border investigations and remediation.

• Risk management – Enterprise risk frameworks, risk culture, continuous improvement, and risk acceptance and avoidance.

• Board leadership and governance – Chair and member of board and executive risk and M&A committees.

David holds a Bachelor of Business (Banking and Finance) from Monash University, has completed the Business Sustainability Management programme at the Cambridge Institute for Sustainability Leadership and is a Graduate of the Australian Institute of Company Directors.

PDF Profile

Download PDF

Major Career Roles

Acenda/MLC Life Insurance

Non-Executive Director (Chair of Risk Committee; Member of Investment and People & Remuneration Committees)

Judo Bank

Non-Executive Director

Bain & Co

Senior Adviser

Other Career Highlights

Rewiring the Nation Investment Committee, Clean Energy Finance Corporation

Member

International Financial Risk Institute

Board member

Financial Services Institute of Australasia (FINSIA)

Board member

Breast Cancer Trials Group

Member

Risk Management Association

Foundation member and ANZ Bank representative for the Australian chaptet

ANZ Special Asset Management Ltd

Executive Director Funds management

Boston Re

Executive Director

Access to an unmatched roster of world-class Mentors

Our unrivalled global roster of board chairs and CEOs offers the seasoned wisdom of proven world-class leaders. Explore this rich array of talent and connect with us to begin a mentoring journey shaped around your leadership context.

Meet the Mentors

The Original Mentor

Mentoring has its roots in one of the oldest leadership stories. In Homer’s Odyssey, Mentor was entrusted with guiding the young Telemachus while Odysseus was away — not by directing him, but by offering judgement, perspective and wisdom born of experience. This enduring idea of counsel, grounded in trust rather than instruction, remains the essence of mentoring today.

That same tradition sits at the heart of Global Mentors Group today. 

We exist to provide leaders with access to seasoned peers who have walked the path before them, offering the clarity, judgement and discretion required to lead at the highest level.

Global Mentors Group
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.