AND FINALLY

PEXA appoints chief data officer

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DIGITAL property exchange platform PEXA has appointed Slater & Gordon CFO Scott Butterworth as its new chief data and analytics officer.

Butterworth will lead the PEXA Insights business in the development of products and services that harness the unique near real-time, accurate and comprehensive property data held by the PEXA Exchange.

In his role at ASX-listed law firm Slater & Gordon, Butterworth sponsored a range of digital and data-driven initiatives. He brings more than 25 years of corporate experience, having held senior roles at Boston Consulting Group, National Australia Bank, Westpac and Clydesdale Bank, where he served as both CFO and chief data officer.

He will begin in the role from 1st November.

“I’m incredibly excited to be joining such an innovative company with so much potential,” Butterworth said.

“I believe PEXA Insights has the opportunity to bring new and compelling property data to the market, helping inform both government housing and lending policies, in addition to a raft of potential smart apps and tools for consumers and the broader property sector.”

PEXA group CEO and managing director Glenn King said: “This is an exciting new phase of growth for the Company and we’re very pleased to secure a chief data and analytics officer of Scott’s calibre and experience to lead the PEXA Insights business, and build on the thought-leadership position we have established with our unique property data.

PEXA listed mid-year and posted a statutory net loss after tax of $11.8 million, 20% greater than the prospective forecast. Revenue was up 42% just ahead of forecast.

PEXA Exchange reached 80% transfer market penetration, up 14% on the previous year.

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