ASX-listed fintech Change Financial has announced two new board appointments as part of the company’s growth strategy.

Edward (Eddie) Grobler has been appointed as an independent non-executive director, while Tom Russell will join the board as an alternate director to chairman Ben Harrison.

Mr Grobler previously worked at Mastercard for more than 20 years and held senior roles including senior vice-president in Africa and executive vice-president for the Australasia division.

In his most recent role of executive vice-president for real time payments at Mastercard, Mr Grobler was responsible for the development and execution of the company’s real time payments strategy.

“We’re delighted to have someone of his calibre join the Change board as an independent director,” said Change CEO Alastair Wilkie.

“His experience growing and transforming payments businesses worldwide will be vital to our future growth.”

Change provides tailored payment solutions to banks and fintechs, and currently serves 136 clients in 36 countries. 

The fintech said it manages and processes more than 16 million virtual, credit, debit and prepaid cards worldwide.

Mr Russell has over 10 years of experience as an investor and corporate advisor across a range of industries.

He was formerly investment director at boutique alternative investment manager Altor Capital and has previously held operational and corporate advisory roles in Australia and the US.

“Tom has been instrumental in the success of Change, to date, both strategically and operationally,” Mr Wilkie said.

“His in-depth knowledge of our business has been paramount to our current success, and he brings a great complementary skill set to our team.”

The two appointments are subject to shareholder approval at Change’s AGM next month.