A battle for control of ASX-listed SelfWealth is brewing after chief executive Cath Whitaker urged shareholders to vote against demands for a clean-out of the online broker’s board and a change in strategy.
Shares in one of Australia’s earliest listed fintechs are down 72 per cent since September 2020 after the entry of rival mobile share trading platforms such as Stake, Superhero, Tiger Brokers, and eToro sparked a vicious price war to attract and retain retail share traders.
Loading...
Tom Richardson writes and comments on markets including equities, debt, crypto, software, banking, payments, and regulation. He worked in asset management at Bank of New York Mellon and is a member of the CFA Society of the UK as a holder of the Investment Management Certificate. Connect with Tom on Twitter. Email Tom at tom.richardson@afr.com
