The major brokerage’s general manager of distribution has joined the board of wealth fintech group Stropro.
Stropro has announced that it has appointed David Zammit, Mortgage Choice's general manager of distribution, to its board of directors.
Stropro is a platform for structured investment products, and is available to wholesale and sophisticated investors.
Mr Zammit has two decades of experience in financial services, including as the head of banking and wealth management distribution at Citi. It was in this role that he worked alongside Stropro's current chief product officer, Ben Streater.
In June, he left Citi to join Mortgage Choice as its general manager of distribution, replacing Neill Rose-Innes in the role.
Commenting on Mr Zammit’s appointment, Stropro CEO Anto Joseph welcomed Mr Zammit to the board, and said he was pleased to have an executive with Mr Zammit’s experience on the board.
“David is a proven leader in financial services and an expert on private banking and wealth management distribution,” Mr Joseph said.
“As a highly respected professional in the banking industry, he is sure to excel in his current role at Mortgage Choice. I look forward to the strategic guidance from David which will enable Stropro to scale in Australia.
“I look forward to the strategic guidance from David which will enable Stropro to scale in Australia.”
Stropro chief product officer, Ben Streater, said the appointment comes as the company seeks to elevate its distribution capabilities in the Australian wealth sector and scale its distribution following its launch in 2019.
“As a former colleague of David’s, I was fortunate to witness him build an impressive wealth management division at Citi,” he said.
“David is recognised as one of Australia’s leading executives within investment product design and distribution. His guidance on the Stropro board will be instrumental as we continue to scale our technology, operations and distribution footprint across Australia.”
Mr Zammit said he was pleased to be joining an Australian-based fintech team, adding: “What Anto and his team have built is a distribution platform like no other, a true marketplace for institutional investment solutions that remain underappreciated by most financial advisers and investors.
“I look forward to assisting Stropro educate Australian investors about the many benefits of institutional investment capabilities and working with Stropro to realise the full potential of this important investment platform.”
[Related: Major brokerage appoints state manager]
Malavika Santhebennur is the features editor on the mortgages titles at Momentum Media.
Before joining the team in 2019, Malavika held roles with Money Management and Benchmark Media. She has been writing about financial services for the past six years.
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