Paul Lahiff appointed to the Board as Non-Executive Director
Sydney / Auckland, 15 February 2021
ASX / NZX release
Paul Lahiff appointed as Independent Non-Executive Director
Harmoney Corp Limited (ASX:HMY) (Harmoney or the Company), Australasia’s largest online direct personal lender, announces the appointment of Paul Lahiff to the Board as Non-Executive Director, effective today. Paul will also sit on Harmoney’s Audit and Risk Committee and Chair the Remuneration and Nominations Committee.
Paul is a highly seasoned executive following 40 years’ experience in financial services, encompassing a broad portfolio of Directorships. Paul currently sits on the Board of ASX-listed AUB Holdings, as well as payments company Sezzle Inc. He is also a Director of Australian neo-bank, 86 400 Holdings, and NESS Super.
Paul was previously the CEO and Managing Director of Mortgage Choice (2003 – 2009), during which time he led its successful listing on the Australian Stock Exchange. He was also a former Managing Director at Permanent Trustee, and before that at Heritage Building Society. Paul brings a recent track-record of Chairmanships where he gained extensive capital markets, regulatory and governance experience from his time at Cuscal Limited; New Payments Platform (NPP) Australia; Australian Retail Credit Association; and RFi Group.
Harmoney Chairman, David Flacks, welcomed Paul’s appointment on behalf of the Board:
“Paul is a highly respected Director who brings a very relevant skillset to Harmoney’s Board, drawn from his wide-ranging sector experience across traditional and digital finance, technology and insurance. Paul’s expertise will be valuable to Harmoney as the business continues to rapidly scale and innovate ways of attracting more customers in Australia and New Zealand with personalised loan products.”
Commenting on his appointment, Paul Lahiff, said:
“I’m excited to be able to contribute to the ongoing evolution of Harmoney which has always been a great disruptor of traditional lending. I look forward to working with my fellow Directors to support the management team in continuing to build on Harmoney’s momentum in the Australian market, where the macro environment is primed for more lending growth.”
Paul’s appointment takes Harmoney’s independent Directors to three – alongside two existing non-independent Directors – while complementing the Board mix with his range of industry experience in the Australian market.
This release was authorised by the Board of Harmoney Corp Limited.