In June 2016 former National Bank of Australia chief executive Andrew Thorburn famously declared: “We are a fintech company.” Thorburn was mercilessly mocked for the statement and two years later the Hayne royal commission into misconduct in the banking industry would trigger some serious self-reflection by the country’s major lenders.

Happily, for another CEO named Andrew, successfully combining traditional financial services with the on-trend world of fintech has been a more natural exercise. It is also one that has enabled him to plug the gap left by the major banks, which after the royal commission’s reckoning, each (to varying extents) quit the business of wealth management.