Ignition Advice has appointed Russell Scrimshaw as deputy chair of the board of directors and as a non-executive director.
Scrimshaw had been deputy chief executive of Fortescue Metals Group and chair of UK-listed Sirius Minerals (acquired by Anglo American this year).
He was currently chair of Garvan Foundation and non-executive director of the Garvan Institute of Medical Research.
Scrimshaw said: “I am very excited to be a part of what I expect will be a major international software and services company in the rapidly expanding financial services and advice sector. Clearly, Ignition software is world class and has already generated several prestigious sales in Europe and the UK, as well as in Australia”.
Peter Meurer, Ignition board of directors chair, said: “We are delighted to welcome Russell Scrimshaw to Ignition Advice. He is one of Australia’s leading financial services experts. An appointment of this calibre will greatly assist Ignition as we continue to expand through partnerships with leading global institutions in 2021”.
During his earlier corporate executive career Scrimshaw was at various times responsible for information technology and operations in the Commonwealth Bank of Australia, director of marketing at Optus Communications, vice president of sales and service in the US for American computer Company Amdahl, and a senior executive in IBM Australia.
The appointment follows Ignition’s successful series B capital raising with Morgan Stanley Wealth Management in 2020.
Proceeds from the capital raising would be used to support business development and product research.