Placed a Chief Financial Controller.
Banxa — Listed fiat-to-crypto payments and compliance-infrastructure gateway.
Challenge. Appoint senior finance leadership for a listed payments-infrastructure business.
The market for this leadership
Live MitchelLake intelligence across Crypto / Fintech and Oceania.
Adjacent signals across Crypto / Fintech
Restructuring · Oceania
Chemist Warehouse →South Australian Employment Tribunal ruled that four Chemist Warehouse franchisees underpaid staff by requiring Level 3 qualifications while paying Level 1-2 wages (~$60/week shortfall). SDA estimates potential $10M+ in backpay across nationwide network if systemic underpayment found.
Capital Raising · Oceania
Switch →Switch is seeking a $2 billion funding round at a nearly $50 billion valuation
Leadership Change · Oceania
Woodside Energy →Woodside Energy announced a director resignation. Limited detail available in source material.
Restructuring · Oceania
Mercury →Mercury announced closure of its Now telco and broadband brand unit, resulting in approximately 70 job losses across Hawke's Bay, Christchurch, Tauranga, and Hamilton. Broadband operations continue under a different brand.
Partnership · Oceania
Vitol →Vitol and Rio Tinto are in talks to establish a joint venture aimed at lowering freight costs
Leadership Change · Oceania
Reserve Bank of Australia →CIO of the Reserve Bank of Australia has retired after 7.5 years in role