Matt Leibowitz, co-founder of online broker Stake, has resigned as chief executive following a seven-year tenure of the venture-backed start-up that rode the “Millennial investing” wave and oversaw the platform’s growth to almost $3 billion of assets under management.
Financial services executive Jon Howie will replace Mr Leibowitz. Mr Howie joined Stake as chief commercial officer last year and has built a career leading BlackRock’s APAC arm, as well as at Macquarie Bank and investors GI Partners.
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Jessica Sier is the North Asia Correspondent for The Australian Financial Review. She is based in Tokyo, Japan. Jessica has previously written on technology, global capital markets and economics. Connect with Jessica on Twitter. Email Jessica at jessica.sier@afr.com
