Innovate Finance announces Executive and Non-Executive Board Changes
November 1st 2017, London UK: Innovate Finance, the membership association for the global FinTech sector, today announced changes to its Board of Directors in November.
Justin Fitzpatrick, Co-Founder and COO of Duedil, will step down from his role as Non-Executive Director on 30th November 2017 after three years at Innovate Finance. Sue Hunter will join the board as Non-Executive Director of the organisation from 1st November 2017.
Hunter brings extensive knowledge to her new role. With over two decades of experience in private equity investment, she is Chair of the investment committee of Frog Capital, a leading growth capital investor focused on technology-led businesses in Europe. She is also chairman of Tracesa, an innovative technology development company, and a trustee of a Kent charity for adults with learning difficulties called The Scotts Project Trust.
Natalie Ceeney, Chair of Innovate Finance, commented: “Justin has been with Innovate Finance since its launch. As one of our sector’s prominent entrepreneurs, he’s provided a level of insight and experience that has been vital to the growth and direction of our organisation. We thank him for the role he has played in the success of Innovate Finance and wish him even greater success in his future endeavours.”
Ceeney added: “We are excited to have Sue Hunter on board. Her experience in capital funding, leading teams and supporting the successful growth of technology firms, combined with her knowledge of the finance sector, makes her an ideal person to join the board. She is an excellent thought leader and influencer and we look forward to working with her to take Innovate Finance to the next level of growth.”
Sue Hunter said, “I am delighted to be joining the board of such a highly regarded organisation and am looking forward to supporting the next stage of growth of Innovate Finance.”
Innovate Finance conducted this search with the support of Leathwaite, who specialise in financial services and FinTech appointments at Board and executive level.
Abdul Haseeb Basit will also step down on 30th November 2017 as Chief Financial Officer and Executive Director. Janine Hirt, formerly Ecosystem Director will join the Innovate Finance board as Chief Operating Officer and Executive Director effective 1st November 2017.
Charlotte Crosswell, CEO of Innovate Finance said, “Abdul was the first employee of the organisation and developed the Innovate Finance team, providing valuable leadership since the inception of the organisation in 2014. His expertise has helped deliver the value proposition, transforming Innovate Finance from a young start-up to a community of over 275 member firms recognised for it’s world-leading programmes including the annual Global Summit.We wish him all the best in his future career plans.”
Commenting on Janine Hirt’s appointment, Crosswell added, “Janine has been an integral part of the Innovate Finance team leading our member community for the last three years. I am delighted to welcome her to the board in her expanded capacity. Janine’s experience and depth of knowledge about our membership will help us to continue our valuable support to the UK FinTech community”.
Innovate Finance is an independent membership association that represents the UK’s global FinTech community. Founded in 2014 and supported by the City of London and Broadgate, Innovate Finance is a not-for-profit that advances the country’s leading position in the financial services sector by supporting the next generation of technology-led financial services innovators.
More than 250 global members have joined the Innovate Finance ecosystem to date. These companies range from seed stage start-ups to global financial institutions and professional services firms. All benefit from Innovate Finance’s leading position as a single point of access to promote enabling policy and regulation, talent development, and business opportunity and investment capital. By bringing together the most forward-thinking participants in financial services, Innovate Finance is helping create a global financial services sector that is more sustainable, more inclusive and better for everyone.