Stake appoints Geoff Lloyd as chairman

Australian brokerage platform Stake has appointed Geoff Lloyd as Chairman, as it aims to strengthen its position as the home for ambitious investors.

He will provide senior counsel to Stake’s leadership team, helping the business to maintain exceptional standards and unlock maximum value as it grows.

Lloyd has held CEO roles at Perpetual and MLC plus chairman of the Australian Financial Services Council, and previous positions at ASIC, St. George Bank and BT Financial.

Geoff Lloyd, chairman of the board at Stake said “Stake has been breaking barriers for investors since 2017, but this is only the beginning. It boasts an exceptional leadership team, strong growth metrics, smart allocation of capital and an outstanding product that means it’s equipped to meet the needs of ambitious investors now and in decades to come.

“I’m passionate about helping people to grow their wealth, and excited to see the impact I can have as part of the Stake team.”

Matt Leibowitz, CEO and co-founder of Stake said, “Lloyd is one of the most knowledgeable figures in the Australian finance industry, with an outstanding track record of helping companies to grow responsibly.

“His values align with Stake’s mission perfectly and he will offer incredible value as we continue to mature. We’re honoured to have him on the Stake team and look forward to driving even better customer outcomes.”

Last year, Stake completed a $90 million Series A funding round led by Tiger Global and DST Global Partners.

Stake has reached over $2 billion in assets under administration, over $480 million in total inflows through its innovative Portfolio Transfer tool, 57 percent year-on-year customer growth for its ASX product.