New compliance and risk manager plans to add “structured support, success and great returns”

Purple Circle Financial Services Pty Ltd have added another reputable and seasoned industry professional after they recently appointed Tim Donahoo to take over the senior position of compliance and risk manager.

 CEO, Michael Stephens, said Tim is an excellent addition to the team.

“He brings highly relevant industry experience in compliance and regulatory framework gained from an impressive career over many years as a senior leader with Mortgage Choice,” he said.

“He has a wealth of expertise in managing compliance with proven success in delivering effective and robust compliance frameworks”. 

Tim is a highly credentialed banking and finance senior compliance executive with 35 years’ experience managing compliance, credit standards, business operations, complaint and dispute resolution and learning and development. 

 Donahoo said he was excited by the opportunities at PCFS given its recent progress.

 “I am delighted to be appointed to the team at PCFS,” he said.

“The work that has been done over the last three years has set PCFS up to be a significant boutique aggregator in Australia.

“The combination of good people, a growing distribution capability and no institutional ownership are vital ingredients to build a successful aggregation business.

“I trust that with my compliance and regulatory framework experience I can help the team of PCFS deliver further structured support, success and ultimately great returns for broker shareholders over time.”

Commenting on the appointment, chief operating officer, Frank Paratore, said he was delighted that such a high calibre and credentialed industry professional was joining PCFS.

“Robust compliance is definitely a business enabler and not a detractor, that’s what Tim brings to the table,” he said.

“Tim is a recognised and acknowledged industry leader in compliance due to his experience, extensive understanding and knowledge of the regulatory framework.

Fondly referred to in the industry as Captain Compliance, our members will be well served.”