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WiseTech founder restructures assets to give wife a share

Richard White’s corporate restructure puts Zena Nasser in the driving seat of one of his private investment vehicles.

On the day Richard White stepped down as chief executive of WiseTech Global after weeks of pressure, the billionaire found time for another important change – quietly appointing his new wife Zena Nasser to his private investment vehicle’s board.

A week later on November 2, Nasser, a former criminal lawyer, became a 50 per cent owner of the vehicle, which owns an anti-money laundering start-up and the company that financed a controversial multimillion-dollar property previously owned by her ex-husband.

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Max Mason covers financial crime, courts and corporate wrongdoing. A Walkley Award winner, Max’s journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal https://tinyurl.com/MaxMason Connect with Max on Twitter. Email Max at max.mason@afr.com
Kate McClymont is chief investigative reporter at The Sydney Morning Herald. Connect with Kate on Twitter. Email Kate at kmcclymont@smh.com.au
Nick McKenzie is an Age investigative journalist who has twice been named the Graham Perkin Australian Journalist of the Year. A winner of 16 Walkley Awards, including the Gold Walkley, he investigates politics, business, foreign affairs and criminal justice. Email Nick at nickmckenzie@protonmail.com

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    Original URL: https://www.afr.com/technology/wisetech-founder-restructures-assets-to-give-wife-a-share-20241203-p5kvhl