Raiz Invest announce board changes

Raiz Invest announce board changes

Raiz Invest announce that Stuart Grimshaw will be appointed as a non-Executive Director, effective 1 December 2021.

Grimshaw, who has a 35-year career in financial services, will also be expected to be the Chair of the Audit and Risk Committee.

His most recent position was CEO and Director of EZCORP Inc, a Nasdaq-listed company that he joined in November 2014 as Executive Chair. Before joining EZCORP, he was Managing Director and Chief Executive Officer of the Bank of Queensland.

Over his career, Grimshaw, who graduated with a Bachelor of Commerce and Administration from Victoria University in Wellington, New Zealand, and has an MBA from Melbourne University, has held senior executive roles at several international banking and finance companies.

A former Olympian who represented New Zealand in hockey at the 1984 Games, he has also served as non-Executive Chair of Cash Converters International Ltd and as a Director on Suncorp Ltd.

Raiz Chair Harvey Kalman said, “Stuart brings a wide array of capital market and financial services experience, both as a senior executive and director, to the Board. The fact that EZCORP’s operations had a significant presence in Latin America brings an added skill set at a time we are consolidating our Indonesian and Malaysia operations and are poised to enter the Thai market”.

Grimshaw added, “Raiz is a great success story among the wealth management fintech start-ups in Australia. Not only has it established a firm foothold in the Australian market but has had the vision to take its micro saving and investing model to the growth markets of Southeast Asia.

“I believe my experience accrued through many varied positions in financial services entities, and geographies, over the past 35 years equip me to make an important contribution to the company.”

Grimshaw will replace David Gordon on the board of Raiz Invest Limited on 1 December 2021. David was instrumental in founding and guiding Instreet Investment Limited with George Lucas in 2007, which in 2018 was restructured into Raiz Invest Limited.

“We cannot thank David enough for his service to the Company over the last 14 years,” Kalman added.