Australian business bank Tyro has chosen Robbie Cooke as its new CEO.
Cooke previously held the position of Managing Director and CEO of Tatts Group, a role which concluded upon the successful merger with Tabcorp last month.
It is expected that Cooke will join Tyro at the end of March 2018 after finishing up with Tatts.
“I am very excited to be joining the Tyro team and look forward to continuing Tyro’s unique focus on serving the banking needs of Australia’s small and medium businesses,” said Cooke.
“I believe Tyro is very well positioned with its proven track record and custom-built technology platform to better respond to the banking needs of Australia’s SMEs which are the backbone of our economy.”
The Tyro board said it considered Cooke the ideal person to lead the company through its next phase of growth and development thanks to his background and experience in Australian customer-centric and technology-driven businesses.
“After conducting an exhaustive local and international search, the Board is delighted to announce Robbie’s appointment. We believe he possesses all the skills and experience to lead Tyro into a new and ground-breaking chapter,” said Tyro’s Chairman, Kerry Roxburgh.
Cooke takes over from Acting Managing Director, Rob Ferguson, who’s been in the role since June 2017.
Currently, Tyro serves more than 20,000 SMEs with its own in-house, cloud-based mobile core banking platform. In FY17, Tyro processed more than $10 billion in payment transactions generating $121 million in revenue, reflecting 26% growth, year on year.