Wisr appoints new non-executive director Matt Brown to the Board

Wisr appoints new non-executive director Matt Brown to the Board

ASX-listed Australian fintech Wisr have announced the appointment of Matt Brown to the company’s Board, effective 13 September 2021. The move comes as Wisr continues its mission to improve the financial wellness of all Australians by redefining the lending experience through its purpose-led model and keeping its commitment to maintain strong and appropriate governance as the Company grows in scale and complexity. Matt will also chair the Wisr Audit Committee, which is to be re-established, adding further depth to the company’s governance and oversight.

Brown has had a successful career in investment banking and technology, both in Australia and the United States. His prior roles include Managing Director at Macquarie Capital and Chief Financial Officer and Executive Director of LiveTiles Limited (a global enterprise SaaS business). Brown is also a non-executive director of Thinxtra Limited, EncompaaS Software Limited and UpWire Pty Ltd, and Managing Director of independent investment and corporate advisory firm, Alluvion Capital.

Wisr Chairman, John Nantes said, “I would like to welcome Matt Brown to Wisr. It is a truly exciting opportunity for the business, our stakeholders and customers. His depth of experience and diverse background across finance, banking and technology will be an important part of Wisr’s future as we continue to scale, exploring new markets, products and growth opportunities.”

Matt Brown said, “Wisr is an exciting example of Australian fintech innovation that’s driven by a real purpose-led approach. The disruptive business model that the team has created, which continues to take market share from the incumbents, is well on its way to becoming a highly profitable business as it continues to scale, and I am very much looking forward to contributing to that success.”

John Nantes further noted, “Fellow directors Chris Whitehead and Craig Swanger have worked tirelessly with myself to act in the best interests of our shareholders at all times, overseeing Wisr’s growth from a company with a market cap around $17 million in early 2017, to over $360 million today. We are all very proud of the journey and have a strong commitment to ensuring that continual improvement underscores every action we take. Matt joins our Board, adding further skills and capability at a great time. We are also well placed to add a further director, possibly two, in the short term, who would also bring a great level of diversity and experience to Wisr. We are currently completing extensive due diligence and will advise the market accordingly, having previously announced our commitment to growing our Board with appropriate talent. Our CEO Anthony Nantes has built an extremely strong Executive under his leadership and importantly we wish to see this standard met throughout every part of the Group.”

In recognition of the planned Board expansion and considering the bench strength within the Executive, John Nantes will move into the role of Chairman (formally Executive Chairman) from 13 September 2021.