THE appointment of risk management, governance and technology expert Glenn Mescher to Decimal Software’s new Advisory Board brings unparalleled expertise to the company.
The news comes only weeks after senior technology executive Mark Potts joined Decimal as the new non-executive chairman.
The Advisory Board is the first initiative made during Mr. Potts tenure as the company looks to provide expertise on industry disruption and trends while continuing to grow opportunities for its digital advice offering.
“Mr. Mescher is highly regarded as having extensive knowledge on global compliance, risk management and governance, which have become the leading drivers for digital financial advice solutions,” Mr. Potts said.
“As former Executive General Manager for Regulatory Relations, Compliance and Operational Risk, and prior to that CIO at NAB, he brings strategic counsel, experience and an intimate understanding of the issues that drive digital advice decisions in the industry.
“His proven expertise and insights into new business opportunities will ensure Decimal has optimum market advantage now and into the future.”
“Glenn’s appointment will add more depth to our already deep compliance framework that provides our customers with confidence and enables sustainable growth of the company,” added Mr. Potts.
Mr. Mescher, who works with global financial services consulting firm Promontory Financial Group and also sits on the sub board committees for several non-for-profit organisations including the Red Cross and Victorian State Library, said financial advice in Australia was coming under increasing scrutiny.
“The ability to record and report advice will be paramount for financial organisations to be compliant,” Mr. Mescher said.
“A really strong capability is the compliance structure that Decimal has built into its digital advice platform. Banks, superannuation companies and non-bank financial institutions offering advice now have access to technology that provides the transparency, audit and control required to manage compliance at a fraction of the time and cost of manual systems.”
“The outcome of that is an improved risk profile and ultimately, a higher level of trust with customers.”
Mr. Mescher’s appointment is the first of several that Decimal expects to announce in the near future.
