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PEXA appoints Les Vance as Group Chief Operating Officer

PEXA appoints Les Vance as Group Chief Operating Officer

PEXA Group Limited (ASX:PXA), operator of the world’s first digital property exchange platform, is pleased to announce the appointment of Les Vance as its new Group Chief Operating Officer.

PEXA Group Limited (ASX:PXA), operator of the world’s first digital property exchange platform, is pleased to announce the appointment of Les Vance as its new Group Chief Operating Officer. 

Les will be supported by PEXA’s current Chief Operating Officer Simon Smith who is stepping into an advisory role, continuing the important work he’s leading across complex regulatory reforms.  

Mr Vance joins PEXA from Westpac Group, where he was the Group Executive, Financial Crime, Compliance & Conduct, responsible for the remediation and transformation of its management of Financial Crime and the Group’s transformation, required under its APRA enforceable undertaking. 

A highly seasoned senior leader, he brings more than 20 years of corporate experience, having held senior roles including Chief Operating Officer of Westpac’s Consumer Division, Chief Risk Officer at BT Financial Group (part of the Westpac Group), Group Executive, External Funds and Chief Operating Officer at Investa Property Group, General Counsel at Tab Limited and Partner at Freehills. This is in addition to his vast experience within the Westpac Group. 

Reporting to PEXA’s Group Managing Director (MD) and Chief Executive Officer (CEO), Glenn King, Mr Vance will be responsible for the enablement of a regulatory environment that reflects PEXA’s deep commitment to consumers and community, extending through to the Group’s legal function as well as product, pricing, enterprise governance and delivery.  

“Les is an incredibly credentialed executive, having worked in several senior roles across risk, transformation, legal, operations, investments and business partnering. Having also worked across both the banking and legal sector, he is a tremendous fit for our business. Likewise, I’m extremely grateful for the significant contribution Simon has made to date and I’m pleased he remains part of the team, continuing his ongoing support and contribution to PEXA,” said PEXA Group MD and CEO Glenn King. “PEXA is a world-leading initiative, and it is a testament to the team and the culture we’ve built that we attract talent of Les’ calibre”.   

Mr Vance said: “PEXA has fundamentally transformed the way property transactions are settled across Australia.  I’m excited by the opportunity to be part of building on that and delivering the growth from this next phase of PEXA’s strategy.” 

Mr Vance commences his role in October.  

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