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Australian robo-advisor Ignition Wealth to open Dublin office

24 July 2017  |  2750 views  |  0 Source: Ignition Wealth

Ignition Wealth CEO Mark Fordree has announced two significant appointments, with a view to opening Ignition Wealth Ireland.

Irish fintech expert Peter Oakes has joined the Ignition Wealth executive team as a member of the Advisory Board. Peter Oakes is renowned in the Irish financial services industry for his astute knowledge and innovative attitude. As a former senior executive at both the Central Bank of Ireland and Bank of America Peter holds an excellent international banking pedigree. As an early adopter, and advocate of financial technology and ‘regtech’ Peter will provide guidance to Ignition Wealth globally and advise on the current capital raise in Ireland.

In addition, leading accountancy and business development firm Crowe Horwath has been appointed to assist in raising capital to fund development of the business in Ireland.

“We see a strong match between our technology and capabilities and the Irish wealth demographic. Ireland has a small but concentrated population which is a great opportunity for us.”. Mark Fordree, CEO, Ignition Wealth.

Ignition Wealth’s digital financial advice technology will benefit the Irish advice market, bringing efficiencies in operations and delivering a greater level of compliance. While the current focus is on the Republic of Ireland, should opportunities arise elsewhere in Europe, Ignition Wealth’s technology stack is both multilanguage and multicurrency.

“We are looking forward to working with the Irish advice industry. Ignition Wealth’s digital financial technology makes advice affordable for a greater number of investors, growing the advice market. Technology will start an investor’s advice journey but often there is a pivot point where they need or want human advice. We believe that hybrid gives the consumer the best of both worlds.”. Mark Fordree, CEO, Ignition Wealth.

As a B2B operator a key early priority for the business in Ireland is the development of partnerships with financial institutions with significant and scalable distribution. Ignition Wealth looks forward to announcing a country head for Ireland shortly, following which the business will build and develop the prerequisite expert team.

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