Financial over view 2020 -2024

2024 was a strong year for Comrade Trustee Services as it makes it way back from the setbacks of COVID 19 whilst mitigating legacy issues. For a small Fund servicing just an employer and having to manage two distinctive schemes, pose a unique challenge in managing the Fund.

Over the years, the Fund demonstrated prudent investment, financial discipline, governance and commitment to enhancing member value by ensuring strong return on member savings while safeguarding their benefits.

The last 5 years tells a story of recovery and growth. The Fund rebounded strongly in 2023 and accelerated in 2024 proving strong governance and resilience in the Fund’s Investment Strategy. Since the transition under BPNG oversight, CTSL has repositioned itself with the guidance of the new Board and Management with trajectory for growth and sustainability.

Flare Namaliu

Independent Director

Professional Summary

Flare Namaliu is a technology and governance professional with experience across Papua New Guinea’s telecommunications, financial services and technology sectors. She has held senior roles with Huawei Technologies, Connected PNG Ltd, Credit Corporation PNG Ltd and CPL Group PNG Ltd, with expertise in digital transformation, cybersecurity, ICT strategy and corporate governance.

Flare is currently Executive Director of CPL Group PNG Ltd and Managing Director of Digital Transformative Partner Ltd, where she advises organisations on technology strategy, digital transformation and ICT governance. She brings valuable experience in technology oversight, risk management and organisational transformation to the CTSL Board.

Key Expertise & Contributions

  • Digital Transformation – Leading technology-enabled business transformation and modernization initiatives across large organizations.
  • Cybersecurity – Developing strategies to strengthen cyber resilience, information security, and enterprise risk management.
  • ICT Strategy & Governance – Aligning technology investments with organizational objectives while strengthening governance frameworks.
  • Cloud Computing & Networking – Extensive technical expertise in enterprise networking and cloud technologies gained through telecommunications and IT leadership roles.
  • Corporate Governance – Board-level experience in governance, strategic oversight, risk management, and executive decision-making.
  • Technology Risk Management – Advising organizations on technology risk, compliance, and innovation.

Board & External Roles

  • Director – CTSL Board
  • Director – Toea Homes Limited Board
  • Executive Director – CPL Group PNG Limited
  • Founder & Principal Consultant – Digital Transformative Partner Limited

Education & Certification

  • Master of Information and Communication Engineering
    Harbin Engineering University, Harbin, China
  • Executive Master of Business Administration (Executive MBA)
    University of Papua New Guinea (UPNG)

Application for:

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