Melbourne, October 19th, 2018
Some big news today that I’m excited to share: we announced this morning that I’m passing the CEO baton to my very talented colleague and myprosperity’s current Chief Technology Officer, Stephen Jackel, as I step into a Non-Executive Director role at myprosperity.
We also announced that Marcus Fletcher, the longtime corporate adviser of myprosperity investor and MYOB founder Craig Winkler, will be joining the Board as a Non-Executive Director. We feel this is the right time to make these leadership changes as the business has successfully scaled from its early startup phase to a robust growth era.
As we push toward our next phase of growth, it’s important the company has a strong and diverse governance structure in place so we can continue to shape strategy and achieve our goal: to become the leading fintech in personal wealth by redefining the adviser-client relationship.
Part of this has been formulating a robust succession plan, which we’ve been working on over the past 12 months. Our Founder, Peter McCarthy, put it nicely when he recently said “I’m so proud of the leadership team myprosperity has attracted and developed over the past couple of years. The calibre of our team, from UX to engineering, senior management to our board, is a reflection of the opportunities myprosperity is working towards securing. There is so much white space in the whole of wealth sector which, with the right talent, guidance and tools, we’re ready to tackle.”
Many of you may remember that before taking on the role as CEO I was involved in myprosperity as an adviser, so I’ve had the pleasure of working with both Stephen and Peter for nearly three years. Over that time, I’ve come to know them well: the combination of Peter’s entrepreneurial vision, Stephen’s high calibre of technical capabilities and leadership skills, and a strong board consisting of former PwC Chairman Michael Happell, and former Carsales COO Shane Pettiona, really sets myprosperity up to harness the widening opportunities currently available in the whole of wealth solutions space.
Over the past 2 and a half years, we’ve certainly achieved some great outcomes in the business. In that time our revenue has quadrupled, our partner base has grown from 180 to over 650, we’ve made some big strides in product development, and have been recognised at several awards including the Fintech Business Awards where we won.
We’ve also attracted incredible talent to the business, with staff numbers more than trebling over that time from 12 to 42, and importantly, we have established a quality leadership team in Jodie Waddingham (CRO), Alice Chauvel (Marketing), Jeremy Johnston (Enablement) Matt Green (Partner Acquisition) and Sarah Dore (Partner Support). This is an awesome group of people that I am incredibly proud of. Add to that Stephen Jackel at the helm as CEO and I could not be more confident with the quality of the team and outlook of the business as we approach 2019.
I’m really proud of what we’ve achieved and am excited to continue to help myprosperity as it establishes itself as a leader in the whole of wealth space.
As the findings from the recent Royal Commission are handed down, we see this as a key area of growth in Australia’s technology sector. The financial advice industry is undergoing its biggest transformation to date and I firmly believe that technology holds the key to helping the industry transition through this tumultuous period. myprosperity will be a big player in helping advisers and their clients prosper during this challenging time and I look forward to continuing to have an impact as we make big plans for 2019 and beyond.