The company will start to look for his replacement immediately.
Matthew Briers, who has spent the last eight years as the Chief Financial Officer of Wise, has decided to step down from the role to focus on fully recovering from his accident last year.
According to an update by the company on Monday, Briers will step down by March 2024. The fintech said it would immediately commence searching for a full-time replacement for Briers.
Wise CFO to Depart after 8 Years
"After almost eight years, it's time for me to think about my life after Wise," Briers said in a statement. "Wise will likely have many CFOs in its first century, and this is simply me starting the process of handing over the reins to the next one. But, some of you may know that a year ago, I returned back to work at Wise after a quite horrible accident where I went under the wheels of a bus, and so, with this in mind, my focus will shift to making a full recovery."
Briers was involved in a bike accident last year, leading to the appointment of Kingsley Kemish, then the company's Financial Director, as the interim CFO. Later, he was promoted to Deputy CFO, a position he is holding to date.
"To support an orderly transition, I plan to remain as CFO into the new year. In this period, we'll be working out the transition," Briers added.
Briers joined Wise, then TransferWise, in 2015 from the UK offices of Google. Previously, he worked at Lloyds Banking Group, Bain & Company, Capital One, and L.E.K. Consulting.
Kristo Käärmann, the CEO of Wise, said: "Matt joined us at the time when only around 500,000 people had used Wise, and we were losing money. He helped us scale up into a global service that today 16 million people and businesses around the world know they can count on."
"Matt and I will be working closely through this period with other leaders at Wise to support the transition."
Leadership Crisis?
Käärmann is going to take a three months sabbatical later this year, between September and December. Harsh Sinha, the Chief Technology Officer at the company, will replace Käärmann as the interim CEO for the short term.
Meanwhile, Käärmann is under investigation as HM Revenues & Customs fined him £365,651 related to an outstanding tax bill of £720,495 for the 2017-18 tax year. The FCA is now probing if Käärmann's status as an 'approved person' is 'fit and proper.'
Matthew Briers, who has spent the last eight years as the Chief Financial Officer of Wise, has decided to step down from the role to focus on fully recovering from his accident last year.
According to an update by the company on Monday, Briers will step down by March 2024. The fintech said it would immediately commence searching for a full-time replacement for Briers.
Wise CFO to Depart after 8 Years
"After almost eight years, it's time for me to think about my life after Wise," Briers said in a statement. "Wise will likely have many CFOs in its first century, and this is simply me starting the process of handing over the reins to the next one. But, some of you may know that a year ago, I returned back to work at Wise after a quite horrible accident where I went under the wheels of a bus, and so, with this in mind, my focus will shift to making a full recovery."
Briers was involved in a bike accident last year, leading to the appointment of Kingsley Kemish, then the company's Financial Director, as the interim CFO. Later, he was promoted to Deputy CFO, a position he is holding to date.
"To support an orderly transition, I plan to remain as CFO into the new year. In this period, we'll be working out the transition," Briers added.
Briers joined Wise, then TransferWise, in 2015 from the UK offices of Google. Previously, he worked at Lloyds Banking Group, Bain & Company, Capital One, and L.E.K. Consulting.
Kristo Käärmann, the CEO of Wise, said: "Matt joined us at the time when only around 500,000 people had used Wise, and we were losing money. He helped us scale up into a global service that today 16 million people and businesses around the world know they can count on."
"Matt and I will be working closely through this period with other leaders at Wise to support the transition."
Leadership Crisis?
Käärmann is going to take a three months sabbatical later this year, between September and December. Harsh Sinha, the Chief Technology Officer at the company, will replace Käärmann as the interim CEO for the short term.
Meanwhile, Käärmann is under investigation as HM Revenues & Customs fined him £365,651 related to an outstanding tax bill of £720,495 for the 2017-18 tax year. The FCA is now probing if Käärmann's status as an 'approved person' is 'fit and proper.'
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
Taurex Promotes Industry Veteran Mark Sheng as Commercial Director
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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