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
Lonsec Research and Ratings has appointed a head of sales, completing the leadership team to boost its reach with financial advisers.
Allianz Retire+ has announced major leadership changes with the appointment of a new CEO and distribution heads to help expand its presence across the wealth channel.
The RBA assistant governor (business services) is set to speak at the Women in Finance Summit 2025, taking place this November.
Momentum Media’s wealth publishing network is pleased to announce the launch of the annual Australian Wealth Management Summit 2025.
