Ronchi promoted to CEO at Fourth Line

Joel Ronchi is to become chief executive of financial services regulation technology company, Fourth Line.

The company announced that it had undertaken a strategic leadership transition to expedite its goal of fully automating the financial advice assurance process while simultaneously maintaining robust sales growth.

It said founding Chief Executive Officer, David Travers, will move to the newly created position of Executive Chairman, with specific responsibility to deliver a leading-edge technology roadmap that promises to automate advice assurance to a level previously thought impossible.

It said that Ronchi had been promoted from chief operating officer to CEO, and will continue his focus on new client acquisition and service delivery.

Travers said: “Joel is the natural choice to lead the company through this next growth phase. He is passionate about the importance of high-quality, independent financial advice and has dedicated his career to making it more accessible and affordable.

In addition to the Travers and Ronchi promotions, financial services executive and Fintech founder, Paul Rogan, has joined the Fourth Line Board as both an investor and Director.

Rogan spent 25 years in senior executive roles in MLC/NAB and Challenger Limited, before founding and exiting two successful start-ups, and leading pioneering robo-adviser, SuperEd. He is currently also a director of Hub24 Limited and EQT Superannuation Ltd (Equity Trustees).