Former Xero MD to head myprosperity
Former Xero Australia managing director, Chris Ridd has been appointed as chief executive of cloud-based financial management platform, myprosperity.
Announcement of Ridd’s appointment came at the same time as the company confirmed it had closed a $2.5 million strategic investment round which was supported by existing investors, and saw the addition of MYOB co-founder and early Xero investor, Craig Winkler, to the investor base.
Myprosperity partners with accountants and other trusted advisers, who then grant access to their clients on a subscription basis.
Myprosperity founder, Peter McCarthy said he had spent more than 20 years in the financial services industry before launching the company and had experienced firsthand the time wasted sourcing information.
“I saw a need in the market for a product that would help advisers understand the full financial picture of each individual client,” he said.
Recommended for you
Trustee and fund administration platform MSC Group has promoted Shelley Brown as its chief operations officer, having successfully completed the integration of the Certane Corporate Trust business.
Australian Unity’s group managing director and chief executive has announced his plans to retire at the end of the year after two decades leading the company.
TAL has appointed a senior manager for investment strategy and portfolio management who joins from a lead role at AIA.
Global wealth management platform FNZ has appointed a new group head of APAC, while boutique investment manager TWC Invest welcomes a chief technology officer.
