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Stake Appoints Geoff Lloyd as Chairman as it Doubles Down on Long Term Growth

Former Perpetual and MLC CEO joins Stake as Chairman of the Board, bringing over 31 years of experience to the senior leadership team

SYDNEY, 7 June 2023 — Australian brokerage platform Stake has appointed Geoff Lloyd as Chairman, as it strengthens its position as the home for ambitious investors. 

Lloyd brings extensive leadership experience from CEO roles at Perpetual and MLC, his tenure as Chairman of the Australian Financial Services Council, and previous positions at ASIC, St. George Bank and BT Financial. He will provide senior counsel to Stake’s leadership team, helping the business to maintain exceptional standards and unlock maximum value as it grows. 

Geoff Lloyd, Chairman of the Board at Stake comments, “Stake has been breaking barriers for investors since 2017, but this is only the beginning. It boasts an exceptional leadership team, strong growth metrics, smart allocation of capital and an outstanding product that means it’s equipped to meet the needs of ambitious investors now and in decades to come. I’m passionate about helping people to grow their wealth, and excited to see the impact I can have as part of the Stake team.”

The news comes after a successful year at Stake, which has reached over $2billion in assets under administration, over $480 million in total inflows through its innovative Portfolio Transfer tool, 57% year-on-year customer growth for its ASX product, and strong annual revenue. The Investment Trends H2 2022 report recognises Stake as the largest Australian broker for U.S. shares, and the most widely recommended by customers.

Matt Leibowitz, CEO and cofounder of Stake said, “Geoff is one of the most knowledgeable figures in the Australian finance industry, with an outstanding track record of helping companies to grow responsibly. His values align with Stake’s mission perfectly and he will offer incredible value as we continue to mature. We’re honoured to have him on the Stake team and look forward to driving even better customer outcomes.”


About Stake

Stake was founded in Australia in 2017 with a mission to break barriers for ambitious investors. Since its launch, Stake has attracted over 500,000 customers by providing seamless access to the U.S. markets, 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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