The not-for-profit company that develops data message transaction standards for the Australian mortgage processing industry, LIXI Limited, has appointed Choice CEO Stephen Moore as its new chairman.
Director and chief executive officer of Choice Aggregation Services Stephen Moore has replaced Lisa Claes as chairman of LIXI’s board.
The outgoing chairman welcomed Mr Moore, saying that his experience would help the data message standards developer achieve its future objectives.
“I welcome Stephen and wholeheartedly support the board’s election of Stephen to the role,” Ms Claes said.
“Stephen brings a wonderful breadth of experience to the role, which will benefit LIXI as we look to continue delivering value to our members and licensees.”
Mr Moore has over 25 years of experience from a range of different roles in the industry including distribution, operations and strategy, wealthy management, banking and finance broking.
The new chairman has previously worked for ING, MLC and NAB, and assisted UBank during its start-up.
“Data has never been more important. As our industry continues to evolve, LIXI can play a critical role in the evolution of data standards for improved data consistency [and] business efficiencies,” Mr Moore said.
“It is my pleasure to be appointed chair and I look forward to supporting the industry.”
LIXI CEO Dr Shane Rigby thanked outgoing chair Lisa CLaes for her “invaluable knowledge and guidance” as chair and director. He also welcomed Mr Moore to the role.
He added that the Choice CEO’s expertise would further develop the services that the company provides to the mortgage lending industry.
The CEO said: “The need for standardisation is greater than ever, with initiatives such as the Combined Industry Forum’s response to ASIC and the Treasury review of open banking highlighting the importance of data consistency.
“This consistency and the improved efficiencies that LIXI enables ultimately leads to a better outcome for consumers.
“Stephen’s experience will help shape LIXI’s future, and I look forward to working with him to the benefit of all our members.”
[Related: REA boss explains mortgage strategy]