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By Kate Weber on Jan 27, 2021 12:24PM
Bolsters leadership team.
CBA has made two leadership appointments to its X15 Ventures subsidiary, including Ben Heap as its first non-executive, independent chairman.
The bank also appointed Jane Martino as its first external portfolio advisor where she will provide insight and recommendations to X15’s investment committee regarding the funding of potential new ventures.
X15 Ventures launched a year ago. It is funded from CBA s $1 billion annual technology budget, and is a place to support fintechs while incorporating their services directly back into CBA.
More details on X15 s strategy are expected when CBA hosts its bi-annual tech update in Sydney tomorrow morning.
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CommBank s x15ventures names Ben Heap as chairman 26 January 2021
Source: CBA Commonwealth Bank’s venture scaling entity, x15ventures, has today announced two key appointments, including its first non-executive, independent Chairman. Ben Heap has been appointed non-executive, independent Chairman of x15ventures, bringing a wealth of financial services and fintech experience to the role.
Mr Heap is well known in the start-up and investment industries, having held a number of senior roles at Australasian Wealth Investments; UBS Global Asset Management; the Financial Services Council; and as founder of H2 Ventures, a fintech-focused venture capital fund.
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