OzForex appoints Richard Kimber as CEO

Source: OzForex

OzForex Group Limited (OzForex, ASX:OFX), one of the world’s largest online international payment services providers, today announced the appointment of Mr Richard Kimber as Chief Executive Officer and Managing Director.

Richard has 25 years of diverse global leadership experience that has included several chief executive and board roles in the banking and technology sectors and has extensive experience in financial services, marketing, social media and capital markets.

In his former role as Chief Operating Officer of ANZ Global Markets, Mr Kimber led a major transformation and expansion agenda for the international banking business. Previously, he has held senior roles at Friendster, Google and HSBC.

Throughout his career, Mr Kimber has specialized in creating new business applications through technology innovation and continues to be an active investor in technology led start-ups.

OzForex Chairman, Peter Warne said that the search for a new CEO was extensive and that the Board had considered an impressive range of local and overseas candidates.

“We had very clear criteria in our search for a new CEO based on the Board’s succession planning work. We are absolutely delighted that we have found a new CEO in Richard who so clearly fitted those criteria. Richard is an excellent fit for OzForex, with proven capability, ideal skills and experience. He is the right person to take the Company to its next stage in an industry which is hugely attractive with significant growth potential.”

Mr Kimber added, "OzForex is very well positioned to become Australia's best FinTech export. I believe it is one of the most exciting international businesses listed on the ASX and has tremendous potential to grow. I have always relished delivering great value to customers and challenging the incumbent players."

Mr Kimber will commence at OzForex immediately and take over as Chief Executive and Managing Director from 1 June 2015. Current CEO and Managing Director Neil Helm will deliver the full year financial results on 26 May 2015 and then ensure a smooth transition to Mr Kimber. Mr Helm will be available to assist Mr Kimber, as required, until his formal resignation date of 6 August 2015.

OzForex Chairman, Peter Warne said “Neil has been CEO and Managing Director for the last 8 years and during this time the company has grown from a small start-up business to a leading global player in the international payments industry. He led the decision by Macquarie Group in June 2007 to make its initial investment in OzForex, the subsequent investments from Carlyle Group and Accel Partners in November 2010, and the Company’s successful listing on the ASX in October 2013. We would like to thank Neil for his vision, and leadership over this period and wish him well for the future.”
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