FinTech Australia CEO Andrew Porter has announced his resignation after taking up the role earlier this year.

In a statement released on Tuesday, FinTech Australia thanked Mr Porter for his contribution while also confirming the promotion of Rehan D’Almeida as its new general manager.

“Working with the member body of FinTech Australia has been an absolute pleasure, but has made me realise that my passion for the space really lies in building fintechs via investment or direct involvement,” Mr Porter said on his departure.

“I am confident that I am leaving the organisation in great hands and wish Rehan all the best in the role of general manager.”

Mr Porter was named as CEO of the industry body in February following the departure of former chief Rebecca Schot-Guppy in August last year.

On its newly appointed GM, FinTech Australia chair Simone Joyce noted that the board had been particularly impressed with Mr D’Almeida’s work.

After originally joining FinTech Australia as a marketing intern five years ago, Mr D’Almeida worked his way to his current role as head of strategic partnerships and marketing.

“FinTech Australia is a unique organisation performing an important role on behalf of our member base,” said Ms Joyce.

“The nature of the industry and the nuance with which we operate and advocate means that promoting people from within our team often brings the best results – results driven by people who are as passionate about and as sensitive to the needs of the fintech industry as our member companies are.”

Mr D’Almeida was highlighted as one of the key figures behind FinTech Australia’s growth in recent years, and the organisation said that its member base and partnership program had both grown exponentially thanks to his work.

“The board and I are confident that Rehan will take FinTech Australia to new heights, and know that he will continue to build strong relationships and apply the careful guidance required during the next phase of the organisation’s growth,” Ms Joyce addded.

“Over the coming weeks, Rehan will be growing his team to broaden FinTech Australia’s expertise and capacity to bring increasing support and benefits to our members.”