Yieldbroker CEO to step down after 15 years

SYDNEY – 23 December 2016

Yieldbroker Pty Limited’s Managing Director and CEO, Richard Swift has advised the board of his intention to leave the company after nearly 15 years. He will remain in the role while the board recruits a successor and to enable a smooth transition.

Under Mr Swift’s leadership, Yieldbroker’s business has expanded substantially, and in November 2014 ASX made a significant investment in the company, becoming its largest shareholder.

Mr Swift remarked, “With the company on a very sound footing, I feel it is time to move on to explore new opportunities. Yieldbroker continues to enjoy long-term profitability and success. We have updated our strategy and installed a strong senior management team, which will safeguard the company’s future and ensure a smooth leadership transition. It has been a great honour to work with so many talented and passionate industry colleagues during my time at Yieldbroker, and I thank everyone connected with the business for his or her support during my tenure.”

Yieldbroker’s Chairman, Richard Korhammer, said “Richard Swift leaves behind a distinguished legacy. Under his leadership as a pioneering fintech innovator, the business has repeatedly succeeded where others have failed. We are disappointed that Richard has decided to move on but the entire board joins me in thanking him for his tremendous contribution to Yieldbroker’s success.”

Media Contact:

Anthony Tregoning

Financial & Corporate Relations

Tel: +61 2 8264 1000

Mobile: 0411 852 448

a.tregoning@fcr.com.au

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