Industry veteran takes up chair role at Stake
Geoff Lloyd, former chief executive of MLC and Perpetual, has joined the board of online investing platform Stake.
Lloyd joined the firm as chairman in February where the firm said he will provide “senior counsel to Stake’s leadership team, helping the business to maintain exceptional standards and unlock maximum value as it grows”.
He was formerly chief executive and managing director of Perpetual from 2012-2018 and chief executive of MLC Australia from 2018-2020.
As well as being chair at Stake, he is also chair of DASH Technology Group and was a former chair of the Financial Services Council (FSC) from 2016-2020.
Stake, which was launched in 2017, now has over $2 billion in assets under administration.
Lloyd said: “Stake has been breaking barriers for investors since 2017, but this is only the beginning. It boasts an exceptional leadership team, strong growth metrics, smart allocation of capital and an outstanding product that means it’s equipped to meet the needs of ambitious investors now and in decades to come.
“I’m passionate about helping people to grow their wealth, and excited to see the impact I can have as part of the Stake team.”
Matt Leibowitz, CEO and co-founder of Stake, said: “Geoff is one of the most knowledgeable figures in the Australian finance industry, with an outstanding track record of helping companies to grow responsibly.
“His values align with Stake’s mission perfectly and he will offer incredible value as we continue to mature. We’re honoured to have him on the Stake team and look forward to driving even better customer outcomes.”
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Laura Dew
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