ME Bank founding CEO appointed to Powerwrap board


Digital wealth management company Powerwrap is expanding its board with the appointment of ME Bank founding chief executive, Anthony Wamsteker as a non-executive director.
Wamsteker, who also holds a non-executive director position with Primary Securities Limited retired from the dual role of chief executive and managing director at Quay Credit Union, and previously held positions AXA and the National Mutual Funds Management in Melbourne.
Commenting on the appointment, Powerwrap chair Matthew Driscoll said,”Anthony Wamsteker is an experienced director, whose appointment has the support of a large number of shareholders.”
Wamsteker is also the founder of Supereverything and was the founding chief executive of ME Bank, where he held the position for nine years.
Recommended for you
ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test.
Quarterly Wealth Data analysis has uncovered positive improvements in financial adviser numbers compared with losses in the prior corresponding period.
Holding portfolios that are too complex or personalised can be a detractor for acquirers of financial advice firms as they require too much effort to maintain post-acquisition.
As the financial advice profession continues to wait on further DBFO legislation, industry commentators have encouraged advisers to act now in driving practice efficiency.