Monitise adds Tim Wade to board

Source: Monitise

Monitise the leading global Mobile Money solutions provider, is pleased to announce the appointment of Tim Wade to the Board as Non-Executive Director and Chairman of the Audit Committee with immediate effect.

Tim, a qualified lawyer and accountant, is currently an independent non-executive director of investment firm Resolution Limited and non-executive director of Macquarie Bank International Limited, where he chairs the Audit Committee, and Access Bank UK Limited, where he chairs the Credit Committee. He is also the Chief Executive Officer of Finance Pronto Limited, a company focused on loan processing technology.

Duncan McIntyre, Monitise Chairman, said: "We are delighted to have Tim join our Board as we continue to expand our global business. His experience and understanding of retail and corporate banking and financial services around the world, key client sectors for Monitise, will significantly benefit the company as we pursue our international growth strategy."

Tim, aged 51, was formerly a Managing Director of AMP Limited. Between 1997 and 2000, he was Chief Financial Officer of Colonial Limited, where he was closely involved in the rationalisation of the life insurance industry in Australia, having previously held the role of Chief Taxation Counsel (1994-1997). From 1984 until 1994, Tim worked at Arthur Andersen in Melbourne and Singapore where he became a Partner in 1992.

The members of the Audit Committee now comprise Tim Wade (Chair), Colin Tucker and David Dey.

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