Matt Symons commented:
“We are excited to welcome someone of Simon’s calibre and breadth of experience to the team. Simon was responsible for all lending decisions across a multibillion dollar loan portfolio across a range of industries and products at Investec. His contribution to SocietyOne will be immensely valuable as we continue to evolve as a company.”
Simon Schwarz added:
“I look forward to building on the successes of SocietyOne and using my expertise in risk, governance and banking operations to create a robust and scalable organisational architecture that will underpin the company’s next phase of growth. SocietyOne’s competitive advantage as a high-growth disruptive innovator is critically dependent on its speed and efficiency of learning. I’m excited to facilitate this process as a core competency in the business.”
“SocietyOne is entering a new phase of growth and maturity. Simon’s significant industry-relevant capability and experience is a welcome addition to the business.”
This new phase of growth comes after the platform raised $25 million at the end of last year from a consortium of investors that included Rupert Murdoch’s News Corp Australia. The experience that Schwarz will bring to the platform will help the company continue to ride the wave of growth in the Australian space and differentiate itself from its growing number of competitors.