DASH Technology Group has made two senior appointments to position the technology company for future growth.
On the board, Kate Eriksson has been appointed as a non-executive director while Deepti Manocha has joined the DASH executive team as its chief financial officer.
Eriksson is a venture partner at CoAct Capital, which provided a venture capital cash injection of an undisclosed sum to DASH in March 2023. The funding would allow DASH to transform how advice was delivered, streamline the advice process and implementation workflows, and increase productivity which aimed to reduce administrative burden and costs.
She said: “Since my engagement with DASH via CoAct Capital’s investment earlier this year, I have been captivated with the vision and innovation this company has. DASH is supporting advisers to deliver a new generation of financial advice to Australians. The trajectory of growth DASH is achieving, particularly via its investment platform, is exciting to see.”
Manocha was the general manager of finance and data oversight at Equity Trustees, where she was responsible for the financial governance of 15 superannuation entities with $40 billion in assets under management.
Andrew Whelan, DASH chief executive, said: “Having both Kate and Deepti join us brings great skill and experience to the group. They both have distinct skill sets which we see as a great benefit in leading the business towards further growth.
“There’s no doubt that these two additions will lead to a strong outcome for both DASH and our adviser community.”
Speaking to Money Management after the venture capital backing in March, Whelan said the firm’s focus is on creating a “holy grail” in adviser technology.
“When you seek venture capital, you have to be very clear about what you want to use the money for and the impact it will have on the business. We want to build software that will integrate the platform with the financial planning software, which hasn’t been done before,” he said.
“Currently, advisers have one financial planning software such as Iress or Midwinter and then use multiple different platforms which means they need to keep re-entering the information. Advisers are desperate for a solution that covers all areas in one, they have said it will be a ‘holy grail’ if we can get it done.”
