AMP-supported fintech Macrovue has appointed a wealth management veteran as its new chief executive.
Rod Bristow joins Macrovue in the lead role from Infocus, where he was managing director and chief executive for five years. Before that, he was national chief executive of environmental NGO Greening Australia.
Bristow was also initially head of forestry managing investment schemes at CBA before becoming CommSec's chief operating officer, a role he held for three years.
In his new position at MacroVue, Bristow will take over from Sid Sahgal, who will transition to a chief operating officer role.
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"Sid and his team have done an incredible job in rapidly growing Macrovue in our three key target markets of SMSF trustees, retail investors, and financial advisers," Macrovue chair Brendan Foley said.
"We are embarking on an exciting growth phase of the business and are looking forward to benefiting from Rod's expertise to assist with the next stage of Macrovue's evolution.
"To help with this growth phase, we will be embarking on a Series A capital raising round to scale the business and leverage the successes we have seen to date."
Late last year Macrovue made the list of H2 Ventures and KPMG's Fintech100. Other Australian companies included were Prospa, ZipMoney and AfterPay Touch.
Treasurer Scott Morrison congratulated the Australian fintechs, adding they represent a diverse range of businesses including lending, wealth management, insurance and regtechs.
Australia's dominant showing in the Fintech100 reinforces the strong standing of the Australian fintech sector as demonstrated in the recent release of the EY Fintech Australia Census 2017. The census revealed the maturity of the sector and reported that more than half of Australian fintech firms are looking to expand overseas, Morrison said.