Appointment and resignation of Director
Sydney, 3 July 2018 – Tyro, Australia’s fast-growing business bank announced that David Fite is to join its Board of Directors with effect from 3 July 2018.
In announcing the appointment Tyro’s Chairman, Kerry Roxburgh, said
“We are absolutely delighted to welcome David Fite to Tyro’s Board. David’s extensive financial sector experience both from his time as a senior banking executive, and as an active investor in fintech companies, brings a wealth of banking acumen and expertise to Tyro.”
David has significant executive experience in the financial services sector both domestically and globally. He initially joined Westpac in 1994 as Treasurer and Assistant Chief Financial Officer and went on to run Westpac Financial Services, before serving as the Group Executive responsible for all retail and business banking product businesses in Australia, Westpac Financial Services and Australian Guarantee Corporation.
Subsequently, David joined Japan’s Shinsei Bank (formerly known as The Long-Term Credit Bank of Japan) in 2000 as its Senior Corporate Executive Officer, Chief Financial Officer and as a member of its Board. Prior to entering the financial services sector, David was a consultant at Bain & Company in Boston and London focused on manufacturing and consumer products industries.
David is currently an active investor in various credit, financial services and technology businesses, and has been a shareholder in Tyro since 2008. He attended Harvard College, holds an MBA from Stanford University and is based in Sydney.
David Fite’s appointment coincides with Rob Ferguson’s decision to retire from the Tyro Board after 12 years during which time he variously served as a Non-executive Director, Chairman and recently acting over six months as Managing Director/CEO. In announcing this news Kerry Roxburgh said:
“It is with sadness that I announce Rob Ferguson’s decision to retire from our Board. Rob has a been a much-valued Board colleague and an outstanding contributor over his 12 years at Tyro, most recently stepping in as acting CEO whilst we conducted the search that resulted in Robbie Cooke joining as CEO. The whole Tyro team has a deep respect for Rob and on behalf of us all, I thank Rob for his significant commitment and his thoughtful and very valued contribution at Tyro.”