Former fintech chief appointed CEO of DirectMoney

Mr Nantes was appointed to the role for his “proven track record in technology and business innovation,” after having held senior leadership roles such as chief operating officer at Prospa, director of sales, marketing and innovation at UXC (now CSC) and chief executive officer at Planpower, an Australian IT company.

His appointment is said to reflect an integral part of the “strategic review of the business the board has undertaken” and has been made in a bid to capitalise “on the company’s technology capability and enhanc[e] DirectMoney’s customer user experience”.

DirectMoney’s former chief executive officer, Peter Beaumont, will continue with the organisation in the role of chief operating officer.

John Nantes, DirectMoney’s executive chairman, commented: “Anthony is an experienced leader with a track record of leading growth both in fintechs such as DirectMoney and the technology sector generally.

“He brings a unique set of skills to the company and the board is confident he and Peter shall lead and deliver the next phase of the company’s growth, capitalising on the company’s technology capability and enhancing DirectMoney’s customer user experience in particular.”

The new CEO, Anthony Nantes, commented: “I am delighted to have the opportunity to take over the reins of an Australian fintech company that has proven capability, has successfully grown through [the] early stage, with a proprietary technology platform foundation that can scale over the coming years,” he said.

“I look forward to working with the team currently in place to deliver Australians better financial choice and improved investment outcomes through our marketplace lending model.”

 [Related: Suncorp announces new leadership team appointments]