InvestSMART

Raiz Invest Limited (ASX:RZI)

ALERT: Price-sensitive ASX Announcement for RZI
Current share price for RZI : $0.530 -0.04 (-7.02%)+
Announcement
Release
1 Jun 2026 9:22AM
Price at Release
$0.570
Full Release
download
Summary
Raiz Invest Limited has announced the appointment of Craig Keary as the new Chief Executive Officer, effective June 1, 2026. Brendan Malone, the outgoing CEO, will step down but remain on gardening leave until May 29, 2027. The transition is part of Raiz's strategic shift as it enters a new phase of growth. Craig Keary, who has been chosen after an extensive executive search, comes with significant experience in digital platforms and strategic growth, having held prominent positions at HSBC, CBA, Westpac, AMP Capital, and most recently as CEO of Keyview Financial Group. The Board of Directors, chaired by Kelly Humphreys, expressed gratitude to Brendan for his contributions to the company's growth and is optimistic about Craig's leadership to further expand Raiz's impact and value for customers and investors. Additionally, details about Craig Keary's employment terms include a total fixed remuneration of $500,000, eligibility for short-term and long-term incentives based on performance, and a six-month notice period.
Key Points
  • Brendan Malone steps down as CEO, effective June 1, 2026.
  • Craig Keary appointed new CEO of Raiz Invest Limited.
  • Craig Keary brings experience from HSBC, CBA, Westpac, and AMP Capital.
  • Raiz Invest is positioned for a new phase of growth.
  • Craig Keary's compensation includes a $500,000 base salary and incentives.
  • Brendan Malone will remain on gardening leave until May 29, 2027.
  • Raiz Invest focuses on Australian operations and strategic growth.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.