International money services provider OFX Group Limited (ASX:OFX) today announces that Ms Catherine Louise Kovacs has been appointed as a Non-Executive Director to the Board of OFX. The appointment is effective February 22, 2021.

She will also be appointed to the Audit, Risk and Compliance Committee.

Ms Kovacs’ appointment, which follows the resignation of Ms Lisa Frazier on 19 May 2020, will be put to shareholders for approval at the Company’s 2021 Annual General Meeting on 26 August 2021.

Ms Kovacs has senior leadership and operational experience in the fintech, wealth management, superannuation and banking sectors as well as in equity capital markets, spanning a a diverse range of business operating roles, market cycles, companies and cultures. Her most recent executive role was as Group Head of Business Development at Westpac until March 2019, where she was responsible for advising the Westpac Executive Committee and Board on business disruption and the future of banking and wealth, making strategic investments and managing strategic partnerships.

The list of Ms Kovacs’ prior executive roles includes Head of Equities at BT Financial Group, as well as Head of Investor Relations, Sales and Marketing at Ellerston Capital. She was also Divisions Director, Equity Markets Group, Macquarie Group with responsibility for customer experience and marketing and sales for listed equity and fund products.

She is a Graduate of the Australian Institute of Company Directors and a Member of the Association of Superannuation Funds of Australia.

OFX’s Chairman, Mr Steve Sargent commented:

“We are very pleased to welcome Cathy to the OFX Board. She is a seasoned professional with experience in business transformation, sales and marketing, risk management, data analytics and equity markets including M&A. She will add great depth to the Board’s skill set and we look forward to working with her.”