Genworth Mortgage Insurance Australia has appointed Michael Cant as CFO, replacing Michael Bencsik who tendered his resignation.

Mr Cant will commence his role upon completion of his assessment under Genworth’s Fit and Proper Policy.

He has more than 30 years’ financial services industry experience. Before Genworth, he held a range of senior leadership roles at the Commonwealth Bank of Australia, including heading the Retail Banking product function and as CFO for the Wealth Management and Insurance Division.

Genworth says Mr Bencsik will step down on Friday but he remains an employee for a period of time thereafter to ensure a smooth hand over and orderly transition to his successor.

“[Mr Cant’s] experience in business and financial leadership roles and depth of expertise in both banking and insurance will be a valuable contribution to our team as we work in partnership with our customers to deliver the future of [lenders’ mortgage insurance] for Australian homeowners,” CEO Pauline Blight-Johnston said.