Executive Team

The MSA National executive management team has significant mortgage industry experience and is committed to providing the best level of service possible to our clients. Below is a brief overview of the team:

David Clark - Chairman

David is a senior lawyer and non executive chairman for MSA National. David has over 30 years experience managing one of the largest mortgage and securities practices in Western Australia.

David practises almost exclusively in banking and property.

David is:

  • The Chairman of the Western Australian Conveyancing Industry Liaison Committee
  • A member of the Western Australia State Government Community Title Advisory Committee
  • A member of the Western Australia Department of Land Information Customer Service Council
  • A member of the Western Australia Law Society Property Committee
  • A member of the Western Australia Steering Committee into Electronic Conveyancing

David also has an array of high net worth clients/developers who rely on him for his extensive knowledge of property law in Western Australia.

David has delivered numerous papers for various groups involved in the property industry in Western Australia.

E: david.clark@msanational.com.au


Sam Makhoul - Founder and Managing Director

Sam Makhoul is the Founder and Managing Director of MSA National, based in Sydney.

Sam has renowned expertise in mortgage and securities law and the development of innovative mortgage processing systems. He is considered a thought leader in the mortgage industry and one who is very passionate about the customer experience. He has advised and acted for the 'who's who' of financial institutions, both domestic and international, and holds particular insight into the mortgage industry which he has developed and refined throughout his career. Sam has expertise in all legal and practical aspects of the mortgage process and has presented many keynotes, training seminars and workshops for many originators, mortgage managers, lenders and industry bodies.

When he is not practising law, Sam is a keynote speaker and author. He is an associate member of the National Speakers Association of Australia and an accredited mentor with Thought Leaders Global.

E: sam.makhoul@msanational.com.au


Ayhan Baba - Chief Executive Officer

Ayhan Baba is the Chief Executive Officer of MSA National and is based in Sydney. He has over 20 years of international banking and finance experience across a variety of roles including Client Executive, Business Head, Product Management, Strategy and Business Development.

Prior to joining MSA National, Ayhan worked at The Bank of New York Mellon (BNY Mellon) as the Client Executive for the Financial Markets & Treasury Services (FMTS) division, providing strategic oversight of the FMTS businesses which include Corporate Trust, Broker Dealer Services, Global Collateral Management, Alternative Investment Services, Treasury Services, Depository Receipts and Pershing.

Prior to this role, Ayhan was the Corporate Trust, Global Product Manager covering emerging markets and expansion markets where he was responsible for the global implementation of strategy and product management initiatives.

Before to returning to Australia in 2008, Ayhan was based in New York for 3 years as the North America Regional Head for JPMorgan's Global Securities Clearing and Collateral Management businesses. In that time, he sponsored significant investment and product development initiatives and lead structural changes to achieve substantial growth.

Prior to this, Ayhan was based in Tokyo for 2 years and Sydney for 2 years as the APAC Regional Head for JPMorgan's Global Securities Clearing and Collateral Management businesses. He was responsible for establishing, then running the businesses throughout the Asia-Pacific region. Before moving to Asia, Ayhan was based in London for 9 years including more than 6 years with JPMorgan where he was the European Product Manager, then Global Product Manager for the Collateral Management business. He also worked at Warburg Securities in London and at Westpac in Sydney as an analyst in the International Money Market and Foreign Exchange division.

Ayhan holds a Bachelor of Economics degree with majors in Economics and Finance and a minor in Econometrics from the University of New South Wales.

E: ayhan.baba@msanational.com.au


Marjana Cvetanoska - Chief Operating Officer

Marjana CvetanoskaMs Cvetanoska joins MSA National from The Bank of New York Mellon Corporation where she held the role of Managing Director, Asia Pacific Regional Head of Transaction Management Group leading regional teams across Hong Kong, Singapore and Sydney.

As a qualified lawyer with over 17 years financial services experience, Ms Cvetanoska career includes leadership and management positions across legal, risk, compliance and operations in both global and multinational banking institutions including ABN Amro and Rabobank.

E: marjana.cvetanoska@msanational.com.au


Linda Cooper - National Human Resources Manager

Linda CooperLinda is the National Human Resources Manager of MSA National, based in Sydney.

Linda has a diverse corporate career and exposure to a range of industry sectors including transport and logistics, advertising and financial services, in both private and publically listed Australian and Multinational companies. Her experience provides a foundation of sound business acumen and expertise in aligning HR strategy to meet the strategic objectives of an organization. Throughout her career, Linda has been committed to delivering integrated, best practice HRM solutions and is the winner of the Australian HR Awards category Best HR Strategic Plan for an strategy which was acknowledged for delivering measurable outcomes across employer brand; culture; staff attraction; development; talent management and engagement.

E: linda.cooper@msanational.com.au


Michael Salmon - Director

Michael is a lawyer and Director of MSA National who manages settlement operations in Perth. He has over 30 years experience in the industry including as the partner in charge of a large mortgages and securities department having acted for a number of lenders, mortgage managers and insurers since 1985.

Michael was a partner in his own law firm Majteles and Salmon for 15 years before joining Phillips Fox for 5 years as a partner and has been with MSA National since.

Michael has expertise in all aspects of the mortgage and conveyancing processes, from front-end transactions through to the recovery process following default. Michael also has a thorough practical understanding of the mortgage origination business and the operations of mortgage managers.

E: michael.salmon@msanational.com.au

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