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Investment Strategy

In order to meet regulatory compliance obligations and issue debentures to the public, ADIG has entered into an intermediary authorisation with CDF AFSL NSW Ltd ACN 617 161 805, AFSL No. 497040.  Strict responsibilities apply to AFSL licensees in relation to having adequate risk management systems in place and a general obligation to provide efficient, honest and fair financial services. View our full Disclosure Statement.

The ADIG Board oversees the Strategic direction of the organisation and regularly meets to ensure relevant controls and process are in place. ADIG Board members have a broad range of skills to provide relevant input and monitoring of ADIG’s Investment strategy and policy. 

Governance Framework

The ADIG has an experienced and dedicated Board, whose primary focus is on the oversight and strategic direction of the organisation.

Our Board is committed to effective governance practices which reflect accountability and assure prudential and ethical conduct.

Monitoring the operational and financial position and performance of the organisation, and driving organisational performance is a key objective, so as to deliver benefit and value to our customers.

ADIG operates under a governance, risk and compliance framework consisting of a range of different policies and procedures. 

This framework helps to ensure that directors, management and staff adhere to relevant regulatory and prudential obligations, meet high standards of corporate governance, and serve and protect our customers interests.


Governance and Board

Bishop Michael Robert Kennedy

Bishop of the Catholic Diocese of Armidale

ADIG Board Members


Ms Alison Hamilton

Chartered Accountant, Tamworth

Chartered Accountant and Principal of Hancocks Charter Accountants based in Tamworth servicing the wider region.
Partner for nearly 20 years with professional experience dealing with small and medium sized business advisory, agribusiness, SMSF and personal tax accounting.

Key Skills:
Finance, Accounting, Business Management, Taxation

Board Special Responsibilities:

Board Chair

Ms Kerry Adby

Solicitor, Glenorie

Over 30 years of experience in investment, financial services, banking, funds management, property and infrastructure funding sectors including major projects.
Demonstrated regulatory, investment, strategic planning and risk management experience.

Key Skills:
Investment management, risk management, capital markets, corporate governance, strategy, audit and risk management, major project financing, and infrastructure

Board Special Responsibilities:

Governance Committee Chair

Mr Bob Locke

Chartered Accountant, Armidale

Chartered Accountant with over 35 years' experience in public accounting. He has extensive experience in all aspects of taxation law, farm accounting, small business development and self managed superannuation.
Over the years he has also provided a range of services to non profit sector bodies including several large institutions. He holds the SMSF designation with the Institute of Chartered Accountants, Australia & New Zealand.

Key Skills:
Finance, accounting, risk management, capital management

Dr Paul Mazzola

Finance Professional and Non Executive Director, Little Bay

A highly qualified and extensively published academic and non-executive director specialising in banking and finance.
Previously held senior executive positions in the banking industry with skills in general management, corporate and retail banking, investment management, bank regulation and strategy development, corporate governance, marketing of financial products, derivatives and credit risk.

Key Skills:
Governance, risk management, compliance, investment management and strategy and capital management.

Board Special Responsibilities:

Audit and Risk Management Committee Chair

Mr David Smith

Ex Officio - Diocesan Financial Administrator, Armidale/Tamworth

With a background as a Registered Tax Agent and 13 years experience in public practice accounting and business advisory, David now works in the role of Diocesan Financial Administrator (DFA) for the Diocese of Armidale.
He relishes the marrying of his professional skills with his Catholic faith and values in his DFA role. He seeks to add value and advice based upon his background and a vision for the future. David is married, father to four children and is also an avid (but novice) sportsman and musician.

Key Skills:
Accounting, finance, taxation, business management

Board Special Responsibilities:

Audit and Risk Management Committee Member

Mr John Stroud

Company Director, Port Macquarie

An experienced investment professional, with expertise in macroeconomic/financial market analysis, investment and portfolio management.

Key Skills:
Investment governance, management of market exposures/investment portfolios, banking, funds management and investment consulting.

Board Special Responsibilities:

Audit and Risk Management Committee Member

Mr Kevin Dupe

Company Director, Repton

A highly qualified executive director specialising in banking and finance. Previously held senior Federal Government positions focussed on economic and socio economic policy development. Extensive experience in the Retail banking market place, having successfully led a customer owned regionally based banking business, Regional Australia Bank as CEO for over 20 years until 2021.

Key Skills:
Banking strategy, investment management, risk management, capital markets, corporate governance, merger and acquisition, regional development, not for profit management.

Ms Karin Hawkins

Company Director, Lane Cove

Experienced Company Director serving on Boards within the financial services industry. Has successfully held executive roles in risk management, strategy and sales including Head of Prudential Supervision – FINCOM; Head of Wholesale Mortgages Risk Management and Executive Manager, Mortgages with ANZ. Past public sector experience includes advising NSW Premier and Treasurer on policy matters relating to financial services obligations. Karin also advises on leadership risk and strategic talent management.

Key Skills:
Risk management, corporate governance, prudential standards, regulated market management, Change management, ESG frameworks, public policy


Financial and other reporting forms a key part of governance at ADIG.

Our Annual Report contains detailed information on our strategy, financial results and sustainability performance.

Learn More

Disclosure Statement

The Armidale Diocesan Investment Group (ADIG) is required by law to make the following disclosure.