Carolyn Colley has been hired as the new chief executive for Decimal, responsible for market strategy and product development activity.
“[Ms Colley] commenced her new role with Decimal by representing the company at an important advice-focused event, the FPA conference, where she met industry stakeholders and Decimal clients to better understand immediate challenges and opportunities,” a statement from Decimal said.
“Her recent experiences in senior executive roles at leading financial institutions, means she is well placed to help Decimal solve some of the endemic challenges faced by the financial advice industry,” the statement said.
Prior to her appointment Ms Colley has held a number of senior executive roles including her most recent position as head of personal banking with Macquarie.
Ms Colley has also held senior roles with BT Financial Group and St George Bank where she was the chief operating officer of wealth management.
Ms Colley said through its technology Decimal can play a “vital role” in changing the financial services model “for the better”.
“The mounting pressure on our industry is palpable,” she said. “Every stakeholder in the financial services sector is affected by the challenges of compliance – from the regulator, to IFAs, dealer groups, as well as corporate institutions.”
“It is clear that Decimal can play a vital role in changing the financial advice model for the better through our cloud-based technology platform, and deliver tangible benefits for advice businesses,” Ms Colley said.
