BSA Names New CEO, CFO; Revises Financial Facility

MT Newswires Live

Jun 02, 2025

BSA (ASX:BSA) said that it named Sasho Kacevski as its new chief executive and Arjan van Ameyde as its chief financial officer, effective Monday, according to a same-day Australian bourse filing.

Its current joint CEOs, Richard Bartley and Arno Becker, will step down following a leadership transition process. The process, as part of a restructuring, is expected to finish in early August.

BSA revised its financing facility with the Commonwealth Bank of Australia (ASX:CBA) to align with the reduction in working capital requirements.

The base borrowing facility was scaled down to a limit of AU$10 million, from AU$16.5 million previously, for working capital requirements. The guarantee facility was revised down to AU$8.8 million, from AU$16.8 million previously, to support contract performance guarantees and rental bonds.

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The process, as part of a restructuring, is expected to finish in early August.</p><p>BSA revised its financing facility with the <a href=\"https://laohu8.com/S/CBAPJ.AU\">Commonwealth Bank of Australia</a> (ASX:CBA) to align with the reduction in working capital requirements.</p><p>The base borrowing facility was scaled down to a limit of AU$10 million, from AU$16.5 million previously, for working capital requirements. The guarantee facility was revised down to AU$8.8 million, from AU$16.8 million previously, to support contract performance guarantees and rental bonds.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BSA","symbol_name":"OM Asset Management plc","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2540752420","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2540752420","pubTimestamp":1748840598,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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The process, as part of a restructuring, is expected to finish in early August.BSA revised its financing facility with the Commonwealth Bank of Australia (ASX:CBA) to align with the reduction in working capital requirements.The base borrowing facility was scaled down to a limit of AU$10 million, from AU$16.5 million previously, for working capital requirements. The guarantee facility was revised down to AU$8.8 million, from AU$16.8 million previously, to support contract performance guarantees and rental bonds.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"executive","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}