Wise announced the appointment of Terri Duhon, a leading industry executive with extensive experience in the international corporate sector, as the newest Independent Non-Executive Director today.
Duhon, who currently holds non-executive board positions at Morgan Stanely, will facilitate the global expansion of Wise. According to the financial services provider, the latest addition of Duhon to the company’s Board will help Wise in the achievement of its core mission.
In 2022, Wise is planning to hire around 1,000 people to accelerate its growth. Over the next few years, the company aims to partner with prominent global financial firms to expand its products and services to different regions.
Duhon’s deep expertise in the financial services sector will support the company’s Audit and Risk Committee. Previously, Duhon spent a few years on the Board of the UK payment system CHAPS.
“The very nature of financial services has changed over the past decade and Wise has been at the forefront of that revolution. It fundamentally reinvented how money moves across borders and brought international banking to people around the world, leveling the playing field. Their transparency and commitment to financial inclusion is an objective I share. I’m delighted to join the Wise team and contribute to their mission,” she said.
In terms of financial numbers, Wise saw a consistent jump in revenues during 2021. In the first half of the fiscal year 2022 (H1 FY22), the company’s revenues reached £256.3 million, compared to £192.2 million in the same period last year.
Financial Inclusion
In the announcement, Kristo Kaarmann, the Co-Founder of Wise, highlighted the importance of female leaders in the global financial sector. “Terri’s championed issues beyond finance too, encouraging women to take up board positions and speaking to students around the world to encourage financial education, inclusion and independence. I’m excited for her to share her learnings with us and help us get closer to a gender-balanced Board,” Kaarmann said.
