Spitfire appoints first CEO following Wealthtrac acquisition
Spitfire Corporation has appointed its first chief executive officer (CEO), signalling the financial technology company’s substantial growth plans following its acquisition of Wealthtrac.
Matthew Johnson will join the firm having previously been chief executive at Wealthtrac which was acquired by Spitfire last week.
At the time of the acquisition announcement, Spitfire said the acquisition would provide an immediate boost to funds under management, the addition of substantial revenue and the broad distribution network of self-licensed advisers who would support future growth.
Johnson joined Wealthtrac in 2005 as CEO and managing director and the firm now has over 6,000 adviser clients and $2 billion in funds under management.
Spitfire chairman, Graham Maloney, said: “We are very pleased to welcome Matt as Spitfire’s CEO. It is a pivotal time for the company as we take out digital wealth platform to a broader market. Matt is an accomplished financial services executive with strong leadership skills and a successful track record of delivering significant growth in collaboration with clients.”
Meanwhile, the firm also hired Anil Sagaram as chief product officer from BT Financial Group where he led the product development and design teams responsible for the development of BT Panorama’s investment, managed accounts and superannuation capabilities.
Prior to this, Sagaram worked at Morgan Stanley, Macquarie Bank and GBST.
Recommended for you
The research house has joined this year’s awards as a research partner and will bring its experience to the awards by selecting the group award finalists.
Global research consultancy CoreData has appointed Angus Dennis from Australian Ethical Investment as it expands its research into responsible and ethical investment.
Allianz Retire+ has appointed Brendon Rodda from PIMCO as chief distribution officer for wealth management.
Following the sale of its platform business to Praemium, Iress has made a second disposal as it moves to streamline operations.