The wealth management fintech characterizes the appointment of Matt Stovold as a strategic step. 

Alternatives wealth management fintech S64 indicated that Matt Stovold has been appointed as the head of Australia and New Zealand, according to an announcement sent by the company on Wednesday.

S64 characterized the step as a strategic move that followed a year of «remarkable growth» in the region and that it would help it to «further bolster» S64's footprint in the Asia Pacific region.

Industry Background

Before joining S64, Stovold held senior roles at Goldman Sachs, JBWere, UBS and Franklin Templeton.

«Matt is a fantastic addition to S64’s leadership team in APAC. Australia and New Zealand are of critical strategic importance to S64, presenting a phenomenal opportunity set for S64’s Australia Unit Trust Platform and our market-leading technology offering,» indicated Tarun Nagpal, CEO of S64.

Strategic Hires 

The appointment of Stovold is the latest in several international strategic hires following the naming of Marcus Glover as chief technology officer.

S64 works with assets managers and private banks and provides private equity, credit, real estate, infrastructure, and impact investment solutions, offering comprehensive alternative asset services ranging from structuring and onboarding to finance and secondary market capabilities.