Former Aristocrat Leisure executive Luke Bortoli will take the place of Nadine Lennie, the chief financial officer of Touchcorp – which merged with Afterpay in 2017 – who will depart later this year.

According to an Afterpay spokesperson, Mr Bortoli will step into the role in May 2018, and Ms Lennie will stay on in the interim to ensure a smooth handover.

Mr Bortoli was most recently chief financial officer of special projects, global head of strategy, treasury and investor relations at Aristocrat Leisure where he oversaw growth of the business in the North America and Israel markets.

Before that, he was director of investment banking at UBS Investment Bank.

Afterpay group head David Hancock said the company was “delighted” to welcome Mr Bortoli to the leadership team.

“This appointment is reflective of the continued investment we are making in new talent in order to support the continued expansion of the business,” Mr Hancock said.

“Luke has established a track record of achieving strong results as a finance leader as well as developing and implementing corporate strategy, including entry in new markets, which is a unique combination of skills that we believe will greatly benefit Afterpay.

Ms Lennie will be moving to a new industry, the Afterpay spokesperson said.