The buy now, pay later company has added a new leader to its operations in Australia and New Zealand.
Zip Co has named Cynthia Scott as its new ANZ managing director and as a member of the company’s global executive management team.
Ms Scott will lead Zip’s operations in Australia and New Zealand and will report to the BNPL company’s global chief operating officer and co-founder Peter Gray.
“I am delighted to welcome Cynthia as our newest Zipster,” said Mr Gray.
“Cynthia's leadership and experience will be invaluable in driving Zip in the ANZ region and guiding the business through our next exciting stage as we progress from a pure BNPL player to much, much more.”
Prior to joining Zip, Ms Scott served as chief strategy and business development officer at Scentre Group and the group executive responsible for the new business portfolio at Telstra.
She previously spent 20 years in the financial services industry as CEO of Barclays in Australia and New Zealand and in senior executive roles at Westpac, Merrill Lynch and UBS.
Commenting on her appointment, Ms Scott said she was excited to join Zip during BNPL’s ongoing disruption to the financial services sector.
“The opportunity to work with Larry, Peter and the incredible Zipsters, to deliver the next chapter of Zip’s history with innovative products, was irresistible,” she said.
“I’m proud to be taking responsibility for the ANZ business of an Australian-born, global payments leader who fearlessly puts customers first and in control of tomorrow.”
Mr Gray noted that Zip had expanded its operations from two to 13 countries over the past 18 months
“Such rapid growth and broad reach requires us to continue to evolve and build our leadership capability, as Larry and my attention increasingly moves global,” he said.
“This means we needed an outstanding leader to run our Australian and NZ businesses - and that person is Cynthia.”
Jon Bragg is a journalist for Momentum Media's Investor Daily, nestegg and ifa. He enjoys writing about a wide variety of financial topics and issues and exploring the many implications they have on all aspects of life.
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