Foreign exchange and payments company OFX Group (formerly OzForex) has announced Skander Malcolm will take over as chief executive and managing director, effective immediately.
Mr Malcolm has worked in the financial services industry for more than 23 years, spending a decade in the UK with HSBC before returning to Australia in 2000 where he commenced in a new role with Westpac.
“Skander has extensive financial services experience in consumer finance and payments technology including leading technology-based innovation, branding and loyalty programs,” said OFX Group chair Steven Sargent.
“The board believes his global experience, strong leadership skills and track record of delivery makes him the right CEO to successfully execute our growth ambitions.”
Mr Malcolm replaced outgoing chief executive Richard Kimber, who stepped down from the role, the company said.
“Richard Kimber has achieved a great deal in setting in place a growth strategy and investing in our technology and people; the board thanks him for his contribution,” said Mr Sargent.
“However, delivery of the strategy has not been to the board’s or shareholders’ expectations. Having conducted a search process, we believe Skander is the right person to lead OFX Group moving forward.”