Daily Trade News

Ex-Westpac boss Hartzer joins Australian startup Reejig as chairman



© Reuters. FILE PHOTO: Westpac Bank CEO Brian Hartzer speaks at the company’s interim results press conference in Sydney, Australia, May 8, 2017. REUTERS/Jason Reed

(Reuters) – Australian startup Reejig said on Thursday former Westpac boss Brian Hartzer has joined as chairman, his latest role after a major money-laundering scandal at the lender forced his exit in 2019.

Harzer has since joined fintech Beforepay as chairman and advises several other startups, keeping a lower profile than when he helmed Westpac, Australia’s third-largest lender by market value, between 2015 and 2019.

Westpac had paid a record A$1.3 billion ($968.11 million) fine to settle the lawsuit accusing it of enabling millions of illicit payments, closing off its darkest chapter.

Hartzer takes over as chairman of job skill analysis platform Reejig following a A$6 million Series A funding round in October led by Skip Capital, which is headed by Atlassian (NASDAQ:) co-founder Scott Farquhar and his wife Kim Jackson.

“His experience in leading some of Australia’s largest and most complex organisations will be invaluable,” said Siobhan Savage, chief executive officer and co-founder of Reejig.  

The startup founded in 2019 uses artificial intelligence to gather data and create skill profiles on people. It said Hartzer will work closely with its investors.

($1 = 1.3428 Australian dollars)

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Read More: Ex-Westpac boss Hartzer joins Australian startup Reejig as chairman