Wise CFO to step down

The chief financial officer of Wise on Monday said he planned to leave the fintech just days after its chief executive announced he would be taking a leave of absence.

CFO Matthew Briers said he will quit the board by March 2024 in order to aid his recovery from a serious accident last year. A search for his replacement has begun.

“After almost eight years it's time for me to think about my life after Wise,” he said.

“Wise will likely have many CFOs in its first century and this is simply me starting the process of handing over the reins to the next one.”

“But some of you may know that a year ago I returned back to work at Wise after a quite horrible accident where I went under the wheels of a bus, and so, with this in mind, my focus will shift to making a full recovery.”

Billionaire co-founder and CEO Kristo Kaarman earlier this month said he would be taking three months off work in order to spend more time with his family.

Kaarman, who helped start the London-based company in 2011, said he would be stepping away from the firm between September and December 2023 after the birth of his second child.

Reporting by Frank Prenesti for Sharecast.com