Stake appoints new CEO as it scales to greater heights

Jon Howie promoted to the role of CEO after a comprehensive selection process driven by Stake’s founders

SYDNEY, 12 January 2024 — Stake, the Australian investment platform, has appointed Jon Howie to the role of CEO, to lead the business into its next chapter of growth. Howie, who joined Stake as Chief Commercial Officer in 2023, has over 20 years of financial services experience, spanning leadership roles at Blackrock APAC, Macquarie Bank and VGI Partners. 

Stake was launched by Matt Leibowitz and Dan Silver in 2017 to break barriers for ambitious investors, and has since built a customer base across Australia, New Zealand and the UK with $2.9 billion in assets under administration. After seven years as CEO, Leibowitz will transition to the role of Executive Director and continue to shape Stake’s product and business strategy.

Matt Leibowitz, Founder and Executive Director at Stake said, “Since 2017, Stake has had a profound impact in helping more people to engage with their finances and I’m incredibly proud of what our team has achieved. Given the extent to which we’ve grown in recent years, I believe it’s time to bring in new leadership that can take us to the next level.”

“Jon shares our passion for encouraging better financial customer outcomes, plus an outstanding track record in scaling large financial services businesses”, Leibowitz continued. “He’s had an incredible impact as Chief Commercial Officer over the past six months, and I’m excited to work with him in his new role as CEO.”

The news comes following a year of strong growth at Stake, which has seen a $1Billion increase in assets under administration, a 10% year-on-year increase in active customers, a 53% increase in assets under administration, and a 20% increase in trading volume of ASX shares on Stake.

Jon Howie, CEO at Stake said, “Stake is an amazing business, driven by a clear mission to deliver better outcomes for ambitious investors. Over the past six months, I’ve been inspired by Matt's incredible passion for Stake's customers, products and team members, and the level of professionalism and expertise across the organisation. I'm excited to continue driving new opportunities, while ensuring that Stake remains a founder-inspired business for decades to come.”


About Stake

Stake was launched in Australia in 2017 with a mission to break barriers for ambitious investors. Stake has grown to over $2.9 billion in assets under administration by providing seamless access to the U.S. markets, $3 CHESS sponsored ASX trades, and Stake Super — an intuitive, hassle free SMSF platform. Stake completed a $90 million Series A funding round in May 2022 and is backed by major investors including Tiger Global and DST Global.

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Stakeshop Pty Ltd, trading as Stake, ACN 610105505, is an authorised representative (Authorised Representative No. 1241398) of Sanlam Private Wealth Pty Ltd (Australian Financial Services Licence No. 337927) ('Sanlam') and an authorised representative (Authorised Representative No. 1241398) of Airwallex Pty Ltd (Australian Financial Services Licence No. 487221) ('Airwallex'). Stake is not authorised by Airwallex under Airwallex’s AFSL to arrange for clients to be issued with securities as Airwallex is not authorised under its AFSL for this purpose. Stake is not authorised by Sanlam under Sanlam’s AFSL to arrange for clients to be issued with a non-cash payment facility as Sanlam is not authorised under its AFSL for this purpose. Stake SMSF Pty Ltd (‘Stake Super’) is not licensed to provide financial product advice under the Corporations Act. This specifically applies to any financial products which are established if you instruct Stake Super to set up a self managed super fund (‘SMSF’). When you sign up to Stake Super, you are contracting with Stake SMSF Pty Ltd who will assist in the establishment of a SMSF under a ‘no advice model’. You will also be referred to Stakeshop Pty Ltd to enable your trading account and bank account to be set up in order to use the Stake Website and/or App. Stakeshop Pty Ltd will also run marketing and promotions to you under. For more information about SMSFs, see our SMSF Risks page.The information on our website or our mobile application is not intended to be an inducement, offer or solicitation to anyone in any jurisdiction in which Stake is not regulated or able to market its services. At Stake and Stake Super, we’re focused on giving you a better investing experience but we don’t take into account your personal objectives, circumstances or financial needs. Any advice given by Stake is of a general nature only. As investments carry risk, before making any investment decision, please consider if it’s right for you and seek appropriate taxation and legal advice. Please view our Financial Services GuideTerms & ConditionsPrivacy Policy and Disclaimers  before deciding to invest on or use Stake or Stake Super. By using our website or service in any way, you agree to our Privacy Policy and Terms & Conditions. All financial products involve risk and you should ensure you understand the risks involved as certain financial products may not be suitable to everyone. Past performance of any product described on this website is not a reliable indication of future performance. Stake and Stake Super are registered trademarks in Australia.

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