Automated wealth company Republic Capital Management has announced Tim Baker will take over as the business’ new chief executive officer.
Formerly the chief executive of Resources Super, Mr Baker has “direct experience in growing a financial services company”, according to Republic Capital non-executive chair Brian Thomas.
“Tim is a natural fit for us in the growth of the next stage in guided advice - a fully automated wealth system that works, and not just promises efficiencies and performance,” Mr Thomas commented.
During his career, Mr Baker has led teams of risk professionals across Australia, Asia and Europe, and established and subsequently operated hedge funds and superannuation funds.
“Tim is well connected in financial services and has direct experience in growing a financial services company. When we met him initially we saw his interest in technology as a facilitator to reduce costs to investors/members,” Mr Thomas added.
“Having run a super fund, he had experienced the issues around reducing costs while maintaining investment performance."
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