Director Resignation and Appointment
The Company is also pleased to announce the appointment of Finsure co-founder and Managing Director, Mr John Kolenda, as a non-executive Director of Goldfields Money effective immediately.
Goldfields Money continues to work towards satisfaction of the remaining conditions of the proposed merger between the Company and Finsure ("Finsure Transaction"), and will continue to provide updates as progress unfolds.
Appointment of Mr John Kolenda
Mr Kolenda is the co-founder and Managing Director of Finsure, having previously been an executive Director of Loan Market Group, co-founder of X-Inc. Finance, and General Manager - Sales and Distribution at Aussie Home Loans. Mr Kolenda is also the Chairman of the Aura Group, who became a substantial shareholder of the Company in May 2016.
Goldfields Money Chairman, Mr Peter Wallace said:
"We thank Keith for his significant contributions as a Director of Goldfields Money since joining the Board almost two years ago. We wish Keith the best in his future endeavours."
"We are also delighted to have John joining the Board given his practical experience in growing and leading a significant mortgage lending and aggregation business that will complement the skill set of the existing Board. We have been working with John and the Finsure team for nearly two years, and his appointment further strengthens our strategic partnership. Regardless of the proposed merger between Goldfields Money and Finsure, we look forward to working with John in building our lending business as we develop and expand our distribution capabilities."
About Goldfields Money Ltd
Goldfields Money Limited (ASX:GMY) is an Authorised Deposit-taking Institution (ADI) regulated by the Australian Prudential Regulation Authority (APRA). The Company is currently the only Western Australian headquartered and ASX-listed ADI. Goldfields Money is focused on building the business around customers' priorities through the smart use of digital technologies.
Goldfields Money Ltd