Raiz Invest appoint Kalman as chair

Australian micro-investing platform provider Raiz Invest has announced the appointment of Harvey Kalman as a non-executive director and Chair.

Kalman is a senior executive and board member with more than 30 years of experience in the financial services industry, with leadership and strategic advisory positions across business growth, risk management, funds management, service provision, operations and innovation.

He led the establishment of Equity Trustees Corporate Trustees Services, increasing funds under supervision from $0.5 million in January 2000 to more than $100 billion in July 2021.

“The appointment of Harvey is part of the ongoing changes in board structure to position us for strong growth, with funds under management in Australia approaching $1 billion and the expansion of our operations in Southeast Asia where Active Customers are rapidly growing,” said George Lucas, Managing Director at Raiz Invest.

“We believe his deep knowledge of the financial markets, his key leadership role in the growth of Equity Trustees Corporate Trustees Services, and his varied executive and Board roles will add value to Raiz.”

Kalman’s current positions include Board Member and Chair of the Audit and Investments and Board Committee for the Menzies Foundation and Chairman of the Financial Planning Advisory Board at Deakin University. He has previously been a director of the Victorian Legal Services Board and has held executive positions at KPMG, ANZ and Ford Credit.

“I have watched with great interest the evolution of Raiz from a fintech start-up to where it is positioned today in Australia and Southeast Asia,” Kalman said.

“In particular, I am excited by the company’s strategy of expanding the Raiz app in Australia and the continued growth of the Raiz micro saving and investing model in Southeast Asia, believing my knowledge and experience will allow me to make a valuable contribution to the company.”

Kalman’s appointment has come into effect as of today.