Managed investment platform DomaCom has appointed an experienced artificial intelligence (AI) leader as its new chair.
The firm, which operates a managed investments platform for wholesale and retail markets, has appointed Giuseppe Porcelli as non-executive chair.
Current chair Ross Landles, who has held the position since August 2024, will move into a new role on the board as non-executive director, while current non-executive director Vinuraj Koliyat will step down, effective immediately.
Landles joined the board as a non-executive director in May 2024 and was promoted to chair in August, while Koliyat joined the board in August.
The year 2024 was a period of shake-up for the firm’s leadership – chief executive John Elkovich left the CEO role in March after two years and was replaced in an acting capacity by Steven James. James then left in October and was replaced by non-executive director Raymond Jourdan, also in an acting capacity. The firm then appointed Darren Younger in November to the role in a permanent basis.
Porcelli is the founder and chief executive of Lakeba Group, a global technology firm focused on building digital businesses, and has a track record in building scalable AI solutions. DomaCom chief executive Younger also spent seven years at Lakeba in the role of chief growth officer.
In an ASX statement, the firm praised his “entrepreneurial spirit, visionary leadership, and deep understanding of technology and innovation” which it said will help guide DomaCom’s commitment to driving sustainable growth and enhancing investor value.
Younger said: “We are thrilled to welcome Giuseppe Porcelli as chairman of the DomaCom board. Giuseppe’s exceptional leadership, entrepreneurial expertise, and deep understanding of technology-driven transformation will be instrumental in shaping DomaCom’s next chapter.
“His track record in delivering innovative, scalable solutions aligns perfectly with our vision to revolutionise the financial services sector. Together, we are confident in our ability to drive sustainable growth, unlock new opportunities, and deliver enhanced value to our investors.”
Porcelli added: “DomaCom represents a revolutionary approach to investing, breaking down traditional barriers and offering Australians access to a diverse range of assets through fractional ownership. By combining innovative financial structures with advanced technology, we are not only making portfolio diversification more accessible but also empowering investors to take control of their financial future.
“As chair, I am committed to leveraging my experience in driving technology-enabled transformation to strengthen DomaCom’s position as a leader in the financial services sector. Together, we aim to continue delivering value to our investors, fostering innovation, and exploring new opportunities to expand our platform’s capabilities.”
