Kelly Bayer Rosmarin joins Airwallex banking board as fintech eyes licence
Airwallex has appointed a new board for its licensed entity as it moves closer to securing a banking licence in Australia.
Kelly Bayer Rosmarin, the former Optus CEO and a former payments executive at Commonwealth Bank, has joined the board of Airwallex’s licensed entity as the fintech takes a key step towards securing a banking licence in Australia.
Bayer Rosmarin will also act as a strategic adviser to Airwallex. She is one of five directors appointed to the board of Airwallex SVF Pty Ltd, which is in the advanced stages of applying for an Authorised Deposit-taking Institution (ADI) licence from the Australian Prudential Regulation Authority (APRA) to issue purchased payment facilities (PPFs), according to the company.
Also appointed to the board is Michael Venter, the current CFO of Optus.
Sangeeta Venkatesan — chair of RSL LifeCare and a board member of Mercer Investments, SW Accountants and Chief Executive Women — will serve as chair. The remaining appointees are Shannon Scott, an executive director at Airwallex, and Andrew Palmer, a portfolio manager at MHC Digital Group.
