Zip co-founder Larry Diamond will return to Australia in July after two years in the United States, where he has led the turnaround of the buy now, pay later player to put it on a more solid financial footing to attack large credit card balances held by US banks.
Mr Diamond, 42, will become US chairman of Zip, remain an executive director on the Zip board and continue to work with the executive team led by CEO Cynthia Scott.
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James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au
