OzForex Appoints Versatile Executive, Richard Kimber as CEO

OzForex Group Limited has restructured its leadership, appointing Richard Kimber as its newest Chief Executive Officer (CEO) and Managing Director, according to an OzForex statement.

Mr. Kimber joins OzForex after a highly diverse career spanning 25 years, having held a number of chief executive and board roles across the financial services, marketing, social media, and technology sectors.

He joins OzForex following a brief stint at Unlockd Media as its Non-Executive Chairman. Prior to this he worked at ANZ, in a nuber of senior roles, including General Manager, Global Markets & Loans and Global Head of Equity Markets & Global Markets Platforms. Additional stops included Google, Friendster, and HSBC, among others.

Mr. Kimber is slated to begin his tenure at OzForex immediately, however he will only begin his role as Chief Executive and Managing Director on June 1, 2015. OzForex’s present CEO and Managing Director, Neil Helm, will remain to deliver the firm’s full year financial results on May 26, 2015 to ensure a smooth transition for Mr. Kimber up until his official resignation date on August 6, 2015.

According to OzForex Chairman, Peter Warne, in a recent statement on the appointment, “We had very clear criteria in our search for a new CEO based on the Board’s succession planning work. We are absolutely delighted that we have found a new CEO in Richard who so clearly fitted those criteria. Richard is an excellent fit for OzForex, with proven capability, ideal skills and experience. He is the right person to take the Company to its next stage in an industry which is hugely attractive with significant growth potential.”

“Neil has been CEO and Managing Director for the last 8 years and during this time the company has grown from a small start-up business to a leading global player in the international Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term industry. He led the decision by Macquarie Group in June 2007 to make its initial investment in OzForex, the subsequent investments from Carlyle Group and Accel Partners in November 2010, and the Company’s successful listing on the ASX in October 2013. We would like to thank Neil for his vision, and leadership over this period and wish him well for the future,” lauded Mr. Warne.

"OzForex is very well positioned to become Australia's best Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term export. I believe it is one of the most exciting international businesses listed on the ASX and has tremendous potential to grow. I have always relished delivering great value to customers and challenging the incumbent players," added Mr. Kimber in an accompanying statement.