Tic:Toc raids ASX board for new chair

Former Macquarie Specialised Asset Management chair Yasmin Allen has been named in the role, effective immediately.

Currently, she is chair of training group Digital Skills Organisation and not-for-profits Harrison Riedel Foundation and Advance.org.

Ms Allen is also a non-executive director at ASX, Cochlear, Santos and the National Portrait Gallery in Canberra.

She has replaced outgoing chair Con Tragakis after a four-year-long tenure.

Tic:Toc founder and chief executive Anthony Baum commented Ms Allen will bring “extensive and industry-specific experience”, as well as “careful judgement and strategic wisdom” for the lender’s next growth phase.

“Yasmin is joining at a transformative time for Tic:Toc as we continue to double down on our mission to accelerate and simplify the lending industry, utilising our proprietary technology,” Mr Baum said.

“In October, we closed $2 billion in settled home loans, with more than half of that closed in 2021, and brought on 12 new enterprise partners this year. We’re heartened by the market response to our technology to date, and we’re just getting started.”

Ms Allen added that she looks forward to leading the company through its next stage.

“Platforms are eating the world, and I see huge opportunities for the company to ride the innovation wave globally,” she said.

Ms Allen’s recruitment has come shortly after the appointment of chief technology officer Shantell Williams.

[Related: Digital lenders indicate mortgage industry blind spots]