Small business lender Prospa has announced the appointment a new chief financial officer.
Ross Aucutt (pictured) is set to replace Peter Loosmore, who has been the company’s interim CFO since January. He will officially take on the role on 7 October, with Loosmore staying for a short period to ensure a smooth transition.
Aucutt joins Prospa from sales financing firm FlexiGroup, where he was CFO for almost four years, and was responsible for building a strong finance team, and “driving growth [by] significantly increasing the efficiency of the business and balance sheet.”
Aucutt brings his experience in management, financial planning and analysis, capital management, treasury, and mergers and acquisitions to Prospa.
Prior to joining FlexiGroup, Aucutt was group treasurer at Latitude Financial Services, where he was responsible for the group’s funding, cash management, cash reporting, and operations.
He has also worked at a senior level in several domestic and international companies, including the Royal Bank of Scotland, NatWest Group and Barclays in London, and Westpac in Sydney.
Prospa chief executive officer Greg Moshal said he was “thrilled” with the appointment and confident that Aucutt’s experience would help further the company’s growth.
“His financial and public market experience will prove invaluable to us as we look to ensure we are well positioned for the future,” Moshal said. “[Aucutt] has deep industry experience of listed lending businesses and a track record of delivering strong results. His passion for fintech and his skills and experience will add considerable value to the Prospa team.”
Aucutt said he was excited to be joining a “dynamic” company, which was “redefining the small business lending market.”
“With small businesses needing support now more than ever, Prospa’s funding and cashflow solutions will help these businesses as they focus on their recovery,” he said.