By Kate Weber on Apr 13, 2021 1:13PM
Former senior vice president at American Express also joins.
Peer-to-peer lender SocietyOne has appointed two new board members as independent non-executive directors.
The company said former ME Bank CEO Jamie McPhee and former senior vice president at American Express Melanie Cochrane would bring important finance experience to the organisation.
It comes as the personal lender prepares to launch an initial public offering later this year.
In a statement, SocietyOne said it is “strengthening its strategy, governance and risk capabilities as it embarks on the next stage of its development and growth”.
Earlier this year, Westpac signed on SocietyOne as the second user of its digital banking-as-a-service platform.
Ex-ME bank CEO pops up at IPO hopeful SocietyOne
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Blackstone May Back Off from Crown Deal if It Loses More Casino Licenses
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By Reuters Staff
2 Min Read
FILE PHOTO: The Crown Casino complex is pictured in Melbourne March 19, 2016. REUTERS/Jason Reed//File Photo
(Reuters) -Billionaire James Packer’s Consolidated Press Holdings (CPH) said on Tuesday it was open to considering private equity firm Blackstone Group Inc’s A$8.02 billion ($6.13 billion) proposal to buy Australian casino operator Crown Resorts Ltd.
Blackstone in March had proposed to buy Crown Resorts in a deal valuing the troubled casino operator at $6.2 billion, a markdown from its value a year ago but a possible reprieve from regulatory pressure.
Top shareholder Packer has been heavily criticized over his alleged influence over Crown despite quitting the board in 2018, with an enquiry by a state asking for a resolution on the ownership before allowing the company to hold a casino license in New South Wales.