Senior Leadership Team

Georgette Nicholas Chief Executive Officer and Managing Director


Georgette became Chief Executive Officer in February 2016 after four months as Acting Chief Executive Officer following joining the business as Chief Financial Officer in February 2014. Georgette was appointed Managing Director in May 2016. Georgette brings more than 30 years of financial and industry experience to the role including her extensive global experience in lenders mortgage insurance.

In her prior role as Chief Financial Officer, Georgette has effectively leveraged her financial acumen, industry experience and leadership skills across finance, audit, controllership, strategy, actuarial and investor relations. She has a deep understanding of the mortgage insurance business both in international markets as well as the United States having worked with Genworth for over ten years.

Previously, Georgette worked as Senior Vice President, Investor Relations, Public Relations and Rating Agencies with Genworth Financial Inc. Other senior roles she has held at Genworth include Chief Financial Officer, US Mortgage Insurance where she was a key member of the management team leading the business through the economic downturn in the US housing market and the GFC, and Global Controller for both US Mortgage Insurance and International Segments.

Before joining Genworth in 2005, Georgette was a Director at Deloitte providing services to companies in the insurance, real estate and broadcasting industries. Earlier in her career, Georgette worked with Freed Maxick Sachs & Murphy, a top 100 accounting firm, in Buffalo, New York where she focused on audit, acquisitions and mergers, tax and strategic financial planning and prior to this as an Internal Auditor at ITT Corporation.

Georgette has a Bachelor of Science in Accounting from the University of Bridgeport, Connecticut and is a Certified Public Accountant and Chartered Global Management Accountant.

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William Milner Acting Chief Financial Officer


William joined Genworth as Director, Capital & Reinsurance in April 2015 and was appointed Acting Chief Financial Officer (CFO) on 16 February 2018.

He has over 20 years of experience in the insurance and financial services sector having worked across finance, capital management, reinsurance, actuarial, investments, treasury, risk-based capital and product pricing.  

Prior to joining Genworth, William was the CFO of General Insurance (Australia and New Zealand) at Zurich Financial Services Australia for over three years. He joined Zurich head office in Switzerland in 2004 covering the worldwide balance sheets of the Zurich Insurance Group before transferring to the Australian and New Zealand operations in 2008 working across a number of roles including capital management, treasury and investments. Before joining Zurich, William spent 10 years at AMP with positions in Brisbane, Sydney and London working across pricing, risk, capital management and superannuation.

He has extensive experience dealing with APRA, ratings agencies, regulators (in Australia, UK, Ireland, Switzerland, HK and Bermuda), Insurance Council of Australia and the Australian Tax Office.

William has a Bachelor of Science, Physics and Maths and a Bachelor of Arts in Statistics and Economics from University of Queensland. He is a fellow of the Institute of Actuaries of Australia.

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Andrew Cormack Chief Risk Officer


Andy joined Genworth Australia as Chief Risk Officer in October 2015. Andy brings more than 20 years of experience to his role as CRO having held senior financial as well as risk roles in the mortgage insurance industry. Andy is a seasoned leader, having had senior management responsibility for teams in commercial, product development and risk for multiple markets across Europe. He is passionate about delivering best in class risk and actuarial business models and building and developing high achieving teams engaged in delivering business objectives.

Before joining Genworth Australia, Andy worked with Genworth Financial Mortgage Insurance in Europe, where most recently he held the role of Chief Risk Officer with responsibility for the risk and actuarial teams. Prior to this he held various positions including Senior Vice President (SVP) Technical Director, SVP Commercial Leader, SVP Product Development & Marketing and Chief Financial Officer.

Earlier in his career, Andy spent 3 years with JP Morgan where he focused on emerging market fixed income derivatives and prior to this worked at Neville Russell Accountants (now Mazars) as an auditor responsible for Lloyds syndicates.

Andy has a BA(Hons) in Accounting and Finance from Lancaster University and is a qualified Chartered Accountant (ACA)-(ICAEW).

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Tobin Fonseca Chief Operations Officer


Tobin joined Genworth Australia as Chief Operations Officer in February 2012. Tobin brings more than 30 years of experience to his role as COO across a range of areas in the financial services industry.

In his current role Tobin is responsible for underwriting, loss mitigation, collections, the data management office and the Technology team.

Before joining Genworth, Tobin had worked at Advantedge Financial Services, a subsidiary of National Australia Bank, where he held the role of General Manager Advantedge Services overseeing the whole lending lifecycle. Prior to National Australia Bank, he was with the Challenger Group holding the Managing Director role with Synergy Capital Management in Hobart and the CEO Role with Challenger Corporate Superannuation Services.

Earlier in his career, Tobin spent 20 years with Merrill Lynch in various leadership roles both in Australia and the US including Chief Administrative Officer/Project Director for Merrill Lynch HSBC Australia and Vice President/Program Manager International Private Client Group in Australia.

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Steven Degetto Chief Commercial Officer


Steven joined Genworth as Chief Commercial Officer in July 2017. He has over 20 years’ experience in financial services and over 15 years in the intermediary channel. Steven brings extensive business development leadership and experience to Genworth as well as strong commercial acumen and an unwavering customer focus.

Prior to joining Genworth, Steven was Head of Bank Intermediaries with the Suncorp Group where he managed all intermediary relationships across Australia supporting over 14,000 mortgage brokers in the provision of Suncorp Group products and services. Most recently he was Head of Wealth and Life Intermediaries at Suncorp and led the sales and retention strategy across the life insurance and wealth management businesses. Steven has also held various leadership roles within financial services at both Macquarie Group and Commonwealth Bank of Australia.

Steve holds a Bachelor of Business from the University of Tasmania, a Graduate Diploma of Applied Finance and Investment and an Advanced Diploma in Financial Planning. He is a Fellow of both the MFAA and FINSIA.

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Kate Svoboda Chief Human Resources Officer


Kate was appointed as Chief Human Resources Officer in September 2016 after 6 months as Acting Chief Human Resources Officer. Kate joined Genworth as Human Resources Director in 2015. Kate brings to the role more than 17 years professional experience working in human resources, the majority of which has been in financial services.

Kate is responsible for leading organisational design and effectiveness, culture and engagement, employee relations, workforce planning, recruitment, learning and talent development, diversity and remuneration and benefits.

Prior to joining Genworth, Kate was HR Business Partner at Challenger and before that worked in various HR roles at Commonwealth Bank of Australia. Kate has also worked in various management and clinical roles in public health.

Kate has a Masters of Business Administration (University of New England) and a Bachelor of Speech Pathology (University of Queensland).

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Prudence Milne General Counsel and Company Secretary


Prue joined Genworth as General Counsel in September 2016. Prue brings over 30 years’ experience in private practice, in-house corporate counsel and company secretary roles. She is a highly experienced senior lawyer with deep financial services experience.

Before joining Genworth, Prue worked in private practice at Ashurst and then held a variety of senior legal and company secretary roles at AMP and AMP Capital Investors. In her nearly 18 year career with AMP, she oversaw and facilitated considerable change and transition in the AMP businesses and had considerable exposure to senior executives and boards.

Prue has a Bachelor of Economics and Laws from Monash University, a Master of Laws from the University of Sydney, a Graduate Diploma in Secretarial Practice from Chartered Secretaries Australia and is a Graduate of the Australian Institute of Company Directors.

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Scot Garner Head of Strategy & Innovation


Scot commenced in the role of Head of Strategy & Innovation at Genworth in January 2017.

Scot has more than 20 years’ executive experience in strategic planning, new product and business development, financial management and transaction execution across multiple countries and industries. Before joining Genworth in Australia, Scot was the Chief Financial Officer and Director of Genworth’s mortgage insurance businesses in Europe and Mexico where he was responsible for the development and implementation of strategic growth and capital initiatives for those businesses. Prior to that he launched Genworth’s operations in Brazil, India, Mexico and South Korea through the establishment of subsidiaries and joint venture partnerships. Prior to his time at Genworth, Scot worked in the energy industry as an M&A consultant and asset manager.

Scot holds an MBA and a Bachelor of Science degree in Mathematical Economics from Wake Forest University.

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