PEXA, operator of the world’s first digital property exchange platform, is pleased to announce the appointment of highly respected finance industry leader Mark Joiner as independent non-executive Chairman following the decision of Alan Cameron AO to step down after 11 years of service on the PEXA Board. The appointment is effective immediately.
Mr Joiner joins PEXA as the Company pursues opportunities to take its expertise and experience in Australia into new markets, including jurisdictions with Torrens title property systems that largely rely on paper-based settlement processing, starting with the UK next calendar year.
Mr Joiner brings more than 30 years of corporate and financial services experience, including senior executive roles in Australia, the UK and the US at National Australia Bank, Citigroup and the Boston Consulting Group. He is an independent non-executive director of the newly ASX-listed Latitude Financial Services and Chairman of QBE Australia and New Zealand Operations Limited.
Mr Joiner said: “It is an honour to be appointed Chairman of PEXA at a pivotal time for the Company’s growth trajectory. I am excited by the opportunities that lie ahead as the world moves to digital property settlements and look forward to working with the Board, the executive team, regulators, PEXA members and the community to continue enhancing the PEXA platform to deliver faster, safer, more efficient and more transparent digital property settlements for users.”
Over his 11 years as Chairman, Mr Cameron oversaw the development and successful launch of PEXA’s highly secure and integrated digital settlement platform, which today underpins the stability of the $7 trillion Australian property industry. The PEXA platform has completed more than 7.8 million transactions and now handles more than 80 per cent of all property transactions in Australia. It is used by State land titles offices, 9300 practitioner firms such as lawyers and conveyancers, and 150 financial institutions.
PEXA Chief Executive Officer Glenn King said Mr Cameron had provided exemplary leadership of PEXA, guiding the Company through its early development and launch and helping it successfully navigate complex relationships with multiple jurisdictions, regulators, partners and other stakeholders.
“The success of PEXA today could not have been achieved without Alan’s support and leadership through its formative years. As we plan and execute the next stage of PEXA’s growth, both here and overseas, we are indebted to Alan for his service the Company and wish him all the best in his future endeavours,” Mr King said.
Mr Cameron said: “The success of PEXA has been due to an extraordinary team effort both inside and outside the company. I thank all of those who have contributed to that success and wish the company and Mark Joiner as its new chair, all the very best in the future.”
About Mark Joiner
Mark Joiner has more than 30 years of international and local experience in banking, corporate and financial services. He is currently a non-executive director of Latitude Financial Services and Chairman of QBE Australia and New Zealand Operations Limited. He has also held multiple directorships at NAB Group subsidiaries, including Clydesdale Bank Plc and JBWere. Throughout his career, Mr Joiner has served as Executive Director of Finance for NAB Group; CFO and Head of Strategy and M&A for Citigroup’s global wealth management business in New York; and Associate Director of Australian Ratings (now Standard & Poor’s). He also has 15 years of experience as a management consultant at Boston Consulting Group including as Senior Vice President, Global Head of Corporate Development. Mr Joiner is a Chartered Accountant and holds an MBA from the Melbourne Business School.