Stake promotes Jon Howie to CEO

Australian investment platform Stake has promoted Jon Howie to take the helm as CEO.

Howie joined Stake as the chief commercial officer last year and his appointment will help lead the company into its “next chapter of growth”.

After seven years as CEO, Matt Leibowitz will transition to the role of executive director and continue to shape Stake’s product and business strategy.

Howie has over 20 years of financial services experience, spanning leadership roles at Blackrock APAC, Macquarie Bank and VGI Partners.

Howie said CEO at Stake said, “Over the past six months, I’ve been inspired by Liebowitz’s incredible passion for Stake's customers, products and team members, and the level of professionalism and expertise across the organisation.

“I'm excited to continue driving new opportunities while ensuring that Stake remains a founder-inspired business for decades to come.”

Leibowitz, founder and executive director at Stake said, “Since 2017, Stake has had a profound impact in helping more people to engage with their finances and I’m incredibly proud of what our team has achieved.

“Given the extent to which we’ve grown in recent years, I believe it’s time to bring in new leadership that can take us to the next level.”

Leibowitz added, “Howie shares our passion for encouraging better financial customer outcomes, plus an outstanding track record in scaling large financial services businesses.

“He’s had an incredible impact as chief commercial officer over the past six months, and I’m excited to work with him in his new role as CEO.”

Stake was launched by Leibowitz and Dan Silver in 2017, and has built a customer base across Australia, New Zealand and the UK, with $2.9 billion in assets under administration.