Offshore banking units presentation

Anthony Frost CTA

Tony Frost in his first, 34-year career was one of Australia’s leading corporate tax advisers. He was, and still is, a lawyer and a Chartered Accountant. His clients included BHP Billiton, Macquarie Bank, Westpac Banking Corporation and the Commonwealth Bank of Australia. Before joining Greenwoods in 2003, he had been a tax partner at PwC for seven years. Prior to that, Tony spent five years working in-house at Westpac Banking Corporation. Throughout his tax career, Tony was a regular speaker at TTI events. Tony finished his tax career in 2018, after being Managing Partner, for seven years, of tax advisory firm Greenwoods & Herbert Smith Freehills, one of Australia’s most lauded professional service firms. Since 2019, and after completing a Master of Science in Coaching Psychology degree at the University of Sydney, Tony has been having a second career as an executive coach, mentor, leadership consultant, facilitator and trainer. He holds a number of non-executive company directorships and is the non-executive Chairman of the Leadenhall Valuation Services group. Tony is a graduate of the Australian Institute of Company Directors and now teaches the AICD’s prestigious Company Directors’ Course. Tony is also the author of The Professional: A Playbook to Unleash Your Potential and Futureproof Your Success, Tony has been a proud member of The Tax Institute for about 40 years. - Current at 06 July 2026

Craig Marston CTA

Craig Marston, CTA, is a Tax Partner at KPMG focussing on funds management. He specialises in complex tax compliance and advisory matters relevant to the financial services industry. Craig has extensive experience advising banking, funds management, fin techs and other financial services groups regarding trust taxation issues, debt and equity capital raisings, international tax issues and tax compliance. - Current at 22 January 2024

Ultan MacDonald

Ultan is the Head of Commonwealth Bank’s Offshore Banking Unit. Ultan has almost 30 years experience in banking and has worked in Dublin, Melbourne, London and Sydney where he gained extensive exposure to the foreign exchange, interest rate and fixed income markets. In more recent years Ultan has used this knowledge of financial markets to develop CBA’s OBU into one of the larger and most diverse OBUs in operation. This hands-on experience in running an OBU has given Ultan particular insights into the practical difficulties faced when applying outmoded legislation to an ever-changing banking and finance environment.
Current at 18 October 2013