What leadership changes did Raiz Invest (ASX:RZI) just announce?

Raiz Invest announced that Brendan Malone is stepping down from his dual roles as Managing Director and CEO. He will be replaced by Craig Keary, who officially takes over the CEO position on June 1.

Why is Brendan Malone leaving Raiz Invest (ASX:RZI) and what is his exit package?

The provided text does not state a specific reason for Brendan Malone's departure, though Chair Kelly Humphreys noted it comes after a six-year tenure focused on repositioning the company.

Who is the new CEO of Raiz Invest (ASX:RZI) and what is his background?

The incoming CEO is Craig Keary, who was selected following an extensive executive search. Keary brings experience in digital platforms and strategic growth from major institutions including HSBC, CBA, Westpac, and AMP Capital.

How did Raiz Invest (ASX:RZI) perform operationally under its outgoing CEO?

Under Brendan Malone’s six-year leadership, Raiz Invest successfully shifted its strategic focus toward its core Australian operations.

What is the immediate strategic focus for Raiz Invest (ASX:RZI) under the new leadership?

Management is focused on maintaining operational stability via a smooth one-month leadership handover between Brendan Malone and Craig Keary. Looking forward, the board intends to leverage Keary's digital platform experience to realise the company's full growth potential.

Raiz Invest appoints Craig Keary as new CEO

Written by Heidi Cuthbert Published Jun. 1 2026Last Updated Jun. 1 2026

Raiz Invest (ASX:RZI) announced a leadership transition, with Brendan Malone stepping down from his dual roles as managing director and CEO.

Malone will enter a period of gardening leave extending until May 29.

Chair Kelly Humphreys expressed gratitude for Malone’s six-year tenure, crediting him with repositioning the fintech firm to focus on core Australian operations, which generated steady growth in revenue, active customer numbers, and funds under management.

As part of his exit terms, Malone remains eligible for a financial year 2026 short-term incentive with a guaranteed minimum payout of $100,000.

Succeeding him is Craig Keary, who officially steps into the CEO role on June 1.

Keary, selected after an extensive executive search, brings a wealth of experience in digital platforms and strategic growth from major global and domestic financial institutions, including HSBC, CBA, Westpac, and AMP Capital.

He also previously served as CEO at Selfwealth and Ignition Wealth, moving most recently from Keyview Financial Group.

To ensure a seamless leadership handover, Keary will work alongside Malone during a one-month transition period.

Humphreys welcomed the incoming executive, stating that the board looks forward to working with Keary to realise Raiz’s full potential and drive long-term value for customers, investors, and staff.

At the time of reporting, Raiz Invest’s share price was $0.59.