Mazloum, Caruso appointed partners at Matthews Steer
North West Melbourne’s premier accounting and advisory firm, Matthews Steer, celebrated the end of the financial year at the MCG's Australian Sports Museum with the promotions of associates Nidal Mazloum and Matthew Caruso to partner.
Mazloum joined Matthews Steer 2014 as a senior accountant, and was promoted to Associate in 2018. Matthews Steer’s CFO, Mazloum is a tax accountancy specialist, with extensive strategic planning and business analysis experience and a proven track record of formulating successful business structures for clients.
“Nidal is a natural leader and a great role model with an innate ability to win and grow clients,” said Ken Matthews, Managing Partner Matthews Steer. “Nidal became our CFO in 2020, and has been doing an amazing job keeping our business on track finically ever since.”
Caruso began his career at Matthews Steer in 2009 as an accountant, completing his CA in 2012 and his diploma of financial planning in 2016. He was promoted to Associate in 2017 and has since completed his Australian Institute of Company Directors course. He is both a specialist in tax, and a licenced financial planner.
“Matt is a triple threat; with the tax, financial planning and business advisory expertise to offer our clients a full service package,” said Matthews. “His appointment is a testament to his hard work and his commitment to expanding his skillset, building working relationships with partners and teams throughout the business.
“The strength of our business is the growth of the people within the firm, and our structured process for bringing people through as partners, and that excites me,” said Matthews. “Candidates for partnership are mentored internally and externally, have to achieve detailed KPIs, and must be unanimously approved by all our partners in order to become shareholders.
Mazloum said he was looking forward to evolving his role and tackling fresh goals as a partner. “At Matthews Steer you’re more than just a number, and one of the firm’s biggest strengths is that the firm brings people with a guided career pathway and the opportunity to progress quickly,” said Mazloum. “Matthews Steer’s professional development framework is designed to get the best out of people so they hit - or exceed - their capability. There’s no fixed timeline for promotion and the pace I moved at was always down to me.
“I know what else is out there for accounting professionals, and there are a lot of false promises. When you work somewhere like Matthews Steer, where they deliver what they say they will deliver, it makes you appreciate the opportunities and that in itself is inspiring.”
Caruso said Essendon Fields-based Matthews Steer offers employees advantages normally only found at a CBD firm. “I remember Ken speaking about the firm’s growth opportunities at one of my first staff meetings back in 2009 and I was struck immediately by Matthews Steer’s growth culture and entrepreneurial spirit,” said Caruso. “We’re entering an exciting phase for the business with our partnership with AZNGA, which opens up a world of opportunity for expansion and professional development for the whole team.”
Mazloum and Caruso’s appointments come off the back of the announcement of Christine Brown as a partner, and head of Wealth Management, on June 1, 2021.
“It took us more than two years to find someone of Christine’s calibre and experience and to appoint three partners in one month indicates the growth mindset that underpins our strategic objective to double our business over the next three years.
Celebrating the end of a challenging financial year with partners, staff and many of the valued clients former directors and business associates who have helped grow Matthews Steer over the past 31 years, Matthews also took the opportunity to announce a number of other promotions across the business.