Prospa Group Limited (ASX: PGL) (“Prospa” or “Company” or “Group”), is pleased to announce the appointment of independent Non-Executive Director, Mary Ploughman, to its Board, effective 1 March 2021.

Mary brings 30 years of financial services, capital markets, securitisation, mergers and acquisitions, governance and risk management experience on a range of financial institutions, infrastructure and not for profit boards in Australia and New Zealand. She is currently Chairman of Plenti Group Limited (ASX: PLT) and serves as Chairman of the Remuneration Committee and as a member of the Audit & Risk Committee. She is also a Non Executive Director and Chair of the Audit, Risk and Compliance Committee of global financial markets trading platform TF Global Markets (Aust) Limited and a Senior Advisor at Gresham Partners Limited.

Prior to these roles, Mary served as Joint Chief Executive Officer of non-bank lender Resimac and as Non-Executive Director of Sydney Motorway Corporation, until its sale to Transurban in 2018. She was also Deputy Chair of the National Committee for the Australian Securitisation Forum from 2013 to 2017.

Mary has a Bachelor of Economics from the University of Sydney, is a Graduate of the Australian Institute of Company Directors, and an Associate of the Securities Institute of Australia.

Gail Pemberton, Chair of the Prospa Board, said:

“On behalf of the Board, I’m delighted to welcome someone with Mary’s significant experience in financial services and in the funding and securitisation markets. She brings extensive industry knowledge and has a proven track record in developing strategies and leading the successful growth of lenders in Australia and New Zealand. We believe Mary’s expertise in this sector will be invaluable to the Board, as customer demand continues to rebound in Australia and New Zealand.” 

Commenting on her appointment Mary said:

“It’s an exciting time to be joining the team at Prospa. I have been impressed by the way in which they have successfully helped thousands of small businesses navigate the challenges posed by the COVID-19 pandemic. I look forward to working with my colleagues on the Board and with management to capitalise on Prospa’s strong and highly scalable base to grow the business and drive shareholder returns.”

This announcement has been authorised for release by the Board.

For further information contact:

Stephanie Hansen
Corporate Communications Manager
e: [email protected]

About Prospa

Prospa Group Limited (ASX: PGL) is a financial technology company and a leading provider of cash flow products and services that help small businesses to grow and prosper. Headquartered in Sydney, the company operates across Australia and New Zealand and employs over 200 people. Prospa has a Net Promoter Score over 77 and is ranked #1 in the Non-bank Financial Services category in Australia and New Zealand on TrustPilot. The company has been recognised as the MFAA National Fintech Lender of the Year three years in a row and received the Excellence in Business Lending Award at the FinTech Australia Finnie Awards 2020.