Australian fintech gears up for its IPO listing, appoints 2 new directors

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Leading peer-to-peer lending fintech Society One announced the appointment of two independent Non-Executive Directors, as the company gears up for ASX listing in 2021. With Society One’s foray into the stock market rumored to come this year, the new appointees will be an asset to the company board with their wealth of experience and vital industry knowledge. The two newly appointed directors are – Melanie Cochrane and Jamie McPhee.

Launched in 2011, Society One is an Australian peer-to-peer money lending company headquartered in Sydney.

About the new directors of Society One

According to her LinkedIn profile, Melanie Cochrane has previously worked at American Express for 25 years. She started as a Marketing Executive, Cardmember Retention and Usage in 1995 and climbed her way up to become VP/GM of Global Digital Servicing in 2010. In 2014, she became the company’s Senior VP & GM, Merchant Services (Japan and APAC) and served the company till 2020. She has also worked as an Expert at ALIAVIA Ventures and currently also working as an Executive Partner at 11eight.

Before joining Society One, Jamie McPhee was the Chief Executive Officer of ME Bank from February 2010 to July 2020. He was also a Non-Executive Director of South Australian Cricket Association. Moreover, he has also worked as the Managing Director of Adelaide Bank, Non Executive Director of Elders Rural Bank, Executive Director of Bendigo and Adelaide Bank. He also worked at RMIT University as an Advisory Board member and Melbourne Renegades as a Non Executive Director.

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Society One CEO on the hiring

SocietyOne CEO Mark Jones said that both Melanie and Jamie bring extensive financial industry experience which will fortify fintech’s strategic, governance as well as risk capabilities. “We’re still a fintech, it’s in our DNA and we’ll continue to innovate, move quickly and provide the best possible products and services to our customers. The appointment to Melanie and Jamie supports our strong and continued growth,” Jones added.

Melanie Cochrane said that she’s thrilled to be joining the Board. She believes this is a great and exciting time for SocietyOne in its journey and with the right ingredients of digital know-how and a market leading customer experience, she sees a very bright future ahead.

Jamie McPhee added that SocietyOne is currently at an extraordinary time in its journey. He is pleased to be on the Board and getting the opportunity to contribute to fintech’s next phase of growth and development.

Society One helps people get fairer personal loan deals with no ongoing fees and more flexible interest rates. The company founders are Andy Taylor, Greg Symons and Matt Symons. Society One helps individuals get loans for cars, home renovations, vacations, weddings, education and debt consolidation.

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Image Courtesy:  Image by Gerd Altmann from Pixabay

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