Raiz Invest appoints new Chairman

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Raiz Invest Limited (Raiz or the Company) is pleased to announce the appointment of Kevin Moore as a non-executive director and Chairman, effective 1 December 2020.

Moore, a digital marketing specialist who brings multinational board and governance experience to the role, focuses on growth companies with turnovers of between $10 million and $100 million.

Moore has a corporate career with director level marketing and general management experience across 30 countries, having successfully launched and grown Australian and global brands.

His non-executive responsibilities included the chairmanship of CROSSMARK Asia Pacific, owned by the private equity firm Warburg Pincus, and Chairman of the digital marketing company, The Now Communications Group, based in Singapore, and is an independent, non-executive director of the listed company, InvestSMART Group (ASX:INV).

Raiz Managing Director & Group CEO George Lucas said: “The appointment of Kevin, with significant marketing and general management experience in growth companies across Australia and Southeast Asia, comes at an important juncture for Raiz with the business expanding into Malaysia and Indonesia and the growth and consolidation of the Australian business.

“Management and the board are well positioned to take Raiz to the next level in Australia and Southeast Asia with the recent appointments of Brendan Malone as CEO of the Australian business, Kelly Humphreys as a non-executive director, and my increasing focus on the global business as MD/Group CEO.”

Moore’s appointment coincides with the resignation of Peter Anthony (Tony) Fay as a non-executive director and Chairman of Raiz effective 1 December 2020.  Tony joined the Board in October 2016  and played a key role in the Company’s early growth and IPO in 2018.  After four years, he has decided to resign from the board and to focus on other interests.

Lucas says: “Tony has made a significant contribution to the business through his experience of financial markets, management, product development, compliance and risk management. On behalf of the Board and management, I would like to thank him for his board leadership and wise counsel, and I wish him all the best in his future endeavours.”

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