Lender executive to step down

Prospa has announced that its chief financial officer, Edoardo Bigazzi, will be stepping down from his role in March 2020 in pursuit of “other opportunities”.

According to an ASX announcement, Mr Bigazzi, who has held the executive role since September 2015, has come to “a mutual agreement” with Prospa to transition out of the role, and recruitment has begun for a permanent replacement.

Prospa co-founder and joint-CEO Beau Bertoli commented on Mr Bigazzi’s departure and wished him well in the future.

“Ed has been a valued member of our executive team and has made a significant contribution to Prospa over the past four years, stewarding the risk and finance functions from start-up to scale-up, and being instrumental in building Prospa’s funding platform.

“The board and the team at Prospa wish him well in his future endeavours,” Mr Bertoli said.

In light of Mr Bigazzi’s departure, the fintech announced that it has appointed Peter Loosmore as its interim chief financial officer, effective as of 28 January 2020.

Mr Loosmore has previously served as CFO at Westpac Financial Services, St.George Bank (Retail Bank) and Suncorp Life, and has worked as director of finance at Rothschild and as a management consultant at Deloitte.

Mr Loosmore has also recently undertaken various interim assignments at ANZ Bank, AMP, BNP Paribas, NSW State Super and iCare.

Prospa co-founder and joint-CEO Greg Moshal welcomed Mr Loosmore to Prospa, noting his experience working with listed companies.

“Peter’s significant financial services experience and deep understanding of financial portfolio management will be of great benefit to Prospa, as we enter the next phase of our evolution as a listed company and execute our strategy to help small businesses in Australia and New Zealand to grow and prosper,” Mr Moshal said.

As well as announcing the change in CFO, Prospa also recently announced that it has joined the lender panel of aggregator PLAN Australia – which will enable PLAN’s broker members to offer Prospa loans.

[Related: Prospa welcomes new funding partner]