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Global banking executive Benny Higgins appointed Chair

NEWS

5 December 2017

Kyckr has announced that global banking executive Benny Higgins will join Kyckr’s board of directors as non-executive chair, effective 1 March 2018. Benny brings over 30 years of experience in financial services and global banking to the board and will be instrumental in driving Kyckr’s expansion plans in Europe and the USA.

Benny Higgins is the current Chief Executive Officer of Tesco Bank, Group Strategy Director for Tesco plc and member of the Tesco Executive Committee. He previously held senior roles in investment management, retail and business banking. Benny is a former member of the Group Executive at Standard Life, former Chief Executive of RBS’ retail bank and former Chief Executive of Retail Business at HBOS plc.

Listed on the London Stock Exchange, Tesco plc is a GBP15 billion multinational grocery and general merchandise retailer. Its wholly owned subsidiary Tesco Bank, services over 8.1 million customers, providing a wide range of products and services, including insurance, credit cards, personal loans, personal savings products and mortgages. Under Benny’s leadership, Tesco Bank has grown from humble beginnings to become a major competitor in the banking space in the UK.

Commenting on his appointment, Benny Higgins stated: “I was attracted to the strong commercial potential of Kyckr’s offering and its relevance to the financial services industry. I believe as Chair, my experience will help guide the Company in a successful European and US expansion to support the growing needs of customers, and I’m excited to be a part of the ongoing success of the Company.”

Kyckr’s current Chair, John Van Der Wielen personally recruited Benny into the role and will remain on the Board as an independent non-executive director. John says, “This is a global coup for Kyckr, with the appointment of a deeply experienced global banker and entrepreneur, who has an outstanding reputation within the global banking sector.”

“Benny will provide invaluable guidance to our board and management team, as we pursue our strategic expansion plans in Europe and the US. His significant experience in growing businesses to scale, focus on customer engagement, and deep knowledge of the global banking sector will be a significant advantage to Kyckr and make a real difference to our team. I am more than happy to pass the torch to such a well-respected individual and remain on the board and committed to the long-term success of Kyckr.”

To view the full release, head to our ASX Announcements page or download the statement here.

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