This
announcement contains Inside Information
25
March 2024
Management
Update
Wise plc ("Wise"), the global
technology company building the best way to move and manage the
world's money, today announces the appointment of Emmanuel
Thomassin as Chief Financial Officer and Director of Wise. He will
replace Matthew Briers, who announced his intention to step down
from the role last year and will now do so with immediate effect.
Emmanuel will join Wise on 1 October 2024. Until then, Kingsley
Kemish, currently Senior Group Financial Director, will serve as
interim CFO.
Emmanuel has decades of experience
leading the financial growth strategy of rapidly expanding private
and publicly traded companies. He joins Wise from multinational
tech company, Delivery Hero, where he has served as CFO for the
past 10 years and been a member of the Management Board for the
last seven years. A world-leading local delivery platform, the
company started as a food delivery service in 2011 and has since
expanded to over 70 countries across Asia, Europe, Latin America,
the Middle East and Africa. He has also served on the board of
Delivery Hero's technology incubator, Team Global Management GmbH,
and on the supervisory boards of multiple other companies,
including MetaDesign, where he served as CFO for five years from
2007 to 2012.
The Board and leadership team of Wise
extend a warm welcome to Emmanuel in his new role.
Kristo Käärmann, CEO & co-founder,
said:
"Since our founding in 2011, we've been laser-focused on
solving the complexities of moving and managing money across
borders. We have come a long way in this time, building new
services from scratch that served 10 million customers in the last
financial year alone. However, we're far from done. Around 95
percent of the world's cross-border payments for people and small
businesses are still on a slow, opaque, cumbersome and expensive
legacy financial system.
"I
am pleased to welcome Emmanuel to the Wise team as we look to solve
for this remaining 95 percent and to continue building from the
strong financial foundations Matt put in place over the years. Matt
has been a fantastic partner as we built the foundations of this
business, and Emmanuel's deep experience in leading teams while
scaling a fast-growth company globally makes him the ideal
candidate to take up this challenge and join us on our mission as
we enter our second decade."
David Wells, Chair of Wise Board,
said:
"We're delighted to welcome Emmanuel as our new Chief Financial
Officer after an extensive global search. A seasoned CFO, leader
and board member with well over a decade's experience, Emmanuel has
a proven track record of scaling companies in rapidly-evolving
industries - from startups to public companies. I look forward to
working with him as Wise continues on its path to reshape global
financial services for the 21st century.
"The
Board would like to thank Matt for his outstanding service and
leadership over the last eight years, and wishes him the very
best."
Emmanuel Thomassin, CFO designate,
said:
"Wise has radically transformed market expectations of modern
financial services - redefining the speed, price and ease with
which people and businesses can move and manage their money around
the world. And with its bold vision of money without borders, it is
clear that Wise is still just at the start of its ambitious
journey.
"I
am pleased to have this opportunity to bring my experience of
growing dynamic companies to Wise, and join the leadership team as
Wise continues to build the network for the world's
money."
Enquiries
Martin Adams - Senior Director, Owner
Relations
martin.adams@wise.com
Lawrence Nates - Senior Manager, Owner
Relations
lawrence.nates@wise.com
Sana Rahman - Global Head of
Communications
press@wise.com
Brunswick Group
Charles Pretzlik / Sarah West / Nick
Beswick / Daniel Holgersson
Wise@brunswickgroup.com
+44 (0) 20 7404 5959
About
Wise
Wise is a global technology company,
building the best way to move and manage the world's money. With
Wise Account and Wise Business, people and businesses can hold over
40 currencies, move money between countries and spend money abroad.
Large companies and banks use Wise technology too; an entirely new
network for the world's money.
Co-founded by Kristo Käärmann and
Taavet Hinrikus, Wise launched in 2011 under its original name
TransferWise. It is one of the world's fastest growing tech
companies and is listed on the London Stock Exchange under the
ticker WISE.
In fiscal year 2023, Wise supported
around 10 million people and businesses, processing approximately
£105 billion in cross-border transactions, and saving customers
over £1.5 billion.