Matt Wreford has joined Demica as CEO, succeeding Phillip Kerle.
Wreford joins the working capital solutions provider from Vernier Partners, a supply chain finance business, which he founded in 2014.
“As CEO, in addition to further developing Demica’s leading trade receivables securitisation franchise, Matt will take forward the supply chain finance (SCF) concepts he developed at Vernier, broadening Demica’s current SCF offering,” reads a statement issued by the company.
Wreford comments on his new remit: “We will be investing in key elements of the business, including technology, client relationship management and the structuring/arranging of trade receivables-based funding programmes.”
Throughout his career, Wreford has also held positions at companies including IPLG, Exotix Partners, City Index and Origin Asset Management.
Kerle will remain at Demica to facilitate a smooth handover, but it is not yet known when he will be leaving the company and to where, a spokesperson for the company tells GTR.
Joanna Nader, partner of JRJ Group and Demica board director, notes that the company is “grateful to Phillip for his valuable contribution to Demica and his assistance in helping the company transition successfully to new ownership”.