Non-bank founder, former CEO joins Joust board

The new addition to the home loan fintech’s board was also the co-founder of FinTech Australia. 

In January 2018, Mr Stoyan – then deputy chair – was named acting chair of the fintech industry body following the resignation of Simon Cant, agreeing to serve in the role until the new board elections scheduled for June that year.

From 2012 to 2013, Mr Stoyan was also the head of strategic development with NAB Business. 

Mr Stoyan is also a member of the advisory committee for the Data Standards Body, a cohort designed to assist in the roll-out of the consumer data right (CDR). 

Speaking of his appointment, Mr Stoyan commented that despite growing uncertainty regarding interest rates and cost of living, Joust platform is “very well placed for future growth”. 

“It will be a pleasure to be part of the Joust story and help the business scale through 2022 and well beyond,” Mr Stoyan added. 

Joining Mr Stoyan on the non-executive board is Virginia Marshall, who brings over a decade of executive management experience. 

Currently, Ms Marshall is serving as the chief financial officer for SocietyOne, joining the lender in January 2019.

In March of this year, MoneyMe confirmed it had officially acquired SocietyOne. 

Prior to her time with the peer-to-peer lender, Ms Marshall also served with Westpac Group for over eight years, with her final position being the deputy CFO, consumer bank.

Speaking of her appointment Ms Marshall said: “Joust has been a great success story working with both the direct lender and broker sectors of the market. 

“I look forward to helping Joust on its mission to help Australians take control of their home loan options, and fully realising the potential in the business.”

On the appointments, Joust chairman Chris Taylor said that Joust is pleased to welcome these appointments at the time when the fintech is “looking to drive increased and sustained growth for the business”. 

Last month, Joust confirmed it had updated its borrower-bidding platform to offer brokers and lenders “a tailored choice of consumer profiles”.

In April, the fintech revealed it had introduced a new supplier sign-up portal for the same platform, designed to help “brokers to come on board quickly and easily”. 

“We are confident they will provide valuable perspectives and important strategic thinking for an exciting and fast-growing business,” Mr Taylor said.  

Joust CEO Carl Hammerschmidt added: “I am looking forward to working with Virginia and Stuart to guide the Joust business through the next phase of its growth. 

“They both bring outstanding experience in the banking, lending, fintech and scale-up sectors, and their appointments provide a wonderful opportunity for us to leverage that experience for the benefit of our consumers, lenders and shareholders.”

[Related: Joust embraces instant connectivity with borrower, broker platform]