Change Financial has announced new board appointments* as the Australian-based business continues to grow and intensify its focus on providing tailored payment solutions, card issuing and testing to global banks and fintechs.

Change currently manages and processes more than 16 million virtual, credit, debit and prepaid cards worldwide, serving 136 clients in 36 countries.

Edward (Eddie) Grobler has been appointed an independent Non-Executive Director. He is a highly experienced card and payments specialist and worked at Mastercard for more than 20 years. During that time, he held several senior roles including Senior Vice President Africa, Executive Vice President /Australasia Division and more recently, he was the UK-based Executive Vice President: Realtime Payments. In this role he was responsible for the development and execution of Mastercard’s real time payments strategy.

Grobler holds a Master in Business Leadership and a Master in Psychology, and is a Graduate member of the Australian Institute of Company Directors.

Alastair Wilkie, Change CEO, said, “I have had the pleasure of working with Eddie over a number of years while he was at Mastercard. We’re delighted to have someone of his calibre join the Change Board as an Independent Director. His experience growing and transforming payments businesses worldwide will be vital to our future growth.”

Tom Russell joins the board as an alternate director to Ben Harrison, Change Chairman. Tom has more than 10 years’ experience as an investor and corporate advisor working across a range of industries with a focus on growth companies in the technology, finance, industrial, energy and resource sectors.

As an Investment Director at Altor Capital, a boutique alternative investment manager, Russell provides corporate advisory services for listed and unlisted emerging companies. Tom previously held both operational and corporate advisory roles in the United States and Australia, and was instrumental in raising capital, advising on corporate structure and business strategy, managing operations and development, as well as launching technology platforms.

Russell holds both a Bachelor of Commerce (Finance) and a Bachelor of Economics (Quantitative Methods).

“Tom has been instrumental in the success of Change, to date, both strategically and operationally. His in-depth knowledge of our business has been paramount to our current success, and he brings a great complementary skill set to our team,” Wilkie concluded.

*Subject to shareholder approval at the Company’s AGM on 25 November 2021.