Fintech expands team for ongoing growth

A wealth management technology and service provider has made a raft of appointments to support significant growth seen in 2018.

FinClear said it experienced headcount growth of 120% over the last 12 months and expects the trend to continue, adding four new team members to assist.

Former Bridges Financial Services head of stockbroking Nick Avery joined the business as head of equity solutions. He will be responsible for driving innovation across FinClear's managed account, equity trading and back office systems.

After 14 years at State Street, Peter Martin joined FinClear as equity finance trader. He is a former chair and treasurer of the Australian Securities Lending Association. At State Street, Martin was head of agency securities lending trading.

FinClear also added a new head of sales and business development in Allan McGregor. Previously at biopharmaceutical company AstraZeneca, McGregor bring 14 years' of sales experience.

"We are lucky that a lot of really great people from the wealth management industry decided to join us, despite being the 'new kids on the block'. I think being an alternative to traditional firms in a time when they're under a lot of pressure worked well for us in that regard," FinClear managing director David Ferrall said.

FinClear has a strong growth pipeline locked in for 2019 and is still hiring, he added.

"We're not slowing down at all, and we expect to grow significantly more this coming year," he said.

Read more: FinClearState StreetAllan McGregorAstraZenecaAustralian Securities Lending AssociationBridges Financial ServicesDavid FerrallNick AveryPeter Martin
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