Trustees Australia Limited has changed its company name to Cashwerkz Limited to reflect its fintech direction.
After approval from shareholders at the 2018 AGM, Trustees will rebrand with a new ASX ticker code of CWZ immediately.
Trustees listed on the ASX in 1987 and merged with Cashwerkz in 2017 combining the wealth experience of traditional financial service with new fintech capabilities.
The name change reflects the integration to be a platform to search, manage, transact and report on term deposits and fixed interest products in an innovative way.
The integration of traditional and fintech is a game change for the sector said chief executive Hector Ortiz allowing banks and investors to achieve more than ever before.
“The company name change is a reflection on the strategic business activities.
“The name change reflects the success to date and intention to continue to deliver innovative solutions for defensive assets for investors, incorporating choice from over 43 Authorised Deposit-taking Institutions.”
Cashwerkz Limited will now be the parent company for Cashwerkz Technologies, RIM Securities and the newly renamed Redgate Asset Management.
The existing subsidiary Redgate Asset Management will be renamed to Trustees Australia to reflect the value of the highly sought after corporate identity.
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