Mr Wright joins the company in September following an extensive executive search throughout Australia.
The former general manager for bank financial advice at BT, Mr Wright led and implemented the direction of the business to promote growth through personal advice.
“The opportunity to lead Xplore Wealth Limited during this formative time for the company is genuinely exciting as the wealth management and financial services sector is transforming, creating growth opportunities,” he said.
Mr Wright said that the board had a targeted program to grow the business and he had the right qualities to lead that expansion.
“I am energised to achieve these results by leading the highly capable team at Xplore Wealth, for the mutual benefit of the Xplore Wealth business, its clients and shareholders,” he said.
Non-executive chairman Peter Brook said he was excited at the announcement to start fresh after the rebrand at Xplore Wealth.
“We are excited to welcome Mike as Xplore Wealth’s new CEO to lead this new era and to work together to deliver on the full potential of the company and its refreshed product offerings. The board has set a realistic agenda for growth for the company and looks forward to the journey ahead,” he said.
Xplore Wealth has advised that Mr Wright will not be the last executive appointment, with the new head of distribution and marketing appointment imminent.
