Wise Group Regulatory News (WISE)

19 April 2023

Board Appointments

Wise plc ("Wise"), the global technology company building the best way to move and manage money around the world, today announces updates relating to its Board.

Appointment of Clare Gilmartin as Senior Independent Director

Clare Gilmartin, currently Independent Non-Executive Director and Chair of the Remuneration Committee, will become Senior Independent Director with effect from 19 April 2023.

Clare, formerly CEO of Trainline, has been a director on the Wise Board since June 2021.

Appointment of Elizabeth G. Chambers as Independent Non-Executive Director

Following an extensive search the Board is delighted to announce the appointment of Elizabeth G. Chambers (Libby) as an Independent Non-Executive Director, with effect from 19 April 2023. Libby holds non-executive board positions at TSB Bank, Vanquis Banking Group and Evelyn Partners, and is an operating partner at Searchlight Capital, supporting their investments in fintech. A former McKinsey partner, and later chief marketing and strategy officer for Barclays, Barclaycard, Western Union and Freshfields, Libby brings a deep understanding of the financial industry to the Wise Board. Libby will also be appointed as a member of the Remuneration Committee.

The Board welcomes Clare and Elizabeth in their new roles.

David Wells, Chair, said:

Wise continues to pursue its mission to build money without borders and along the way create a new global standard in what people and businesses can expect from their financial institutions in an internet-driven, interconnected world. We are building a world class Board to help enable them and Libby is part of this, bringing a wealth of experience from nearly three decades in the financial industry. Clare has been an invaluable member of the Board since joining in 2021, so we're very pleased to have her take the SID role. I'm delighted to announce both changes as we prepare for the next phase of Wise's growth.

Elizabeth G. Chambers, Independent Non-Executive Director, said:

Wise is a truly unique part of the financial ecosystem, with its bold and ambitious aim to change the way people, businesses and even banks move and manage money. I have long been impressed with the strategic clarity, enthusiasm and energy that the company brings to achieving this goal, and its track record of innovation and consistent delivery. Having worked with global banks, payments providers, wealth managers, and consumer lenders, I'm excited to bring this experience to the Board at Wise, and to supporting the leadership team in achieving these aspirations.

Clare Gilmartin, Senior Independent Director, said:

Over the past two years, I've had the opportunity to get closer to the metal as Wise continues to make strides in its mission towards money without borders by scaling to new markets and building new products. I am thrilled to expand my role at Wise today, and help Wise as it continues on its mission and revolutionises international money for everyone, everywhere.

Kristo Käärmann, Co-founder and Chief Executive Officer, said:

Libby and Clare bring deep experience in customer focused financial services having seen how technology can improve these experiences. By deepening Clare's role and bringing in Libby, I'm confident that we have some of the best experience on the board for scaling and growing Wise.

We've done a lot of great work in our mission to achieve money without borders, but people and businesses are still being duped by hidden fees, losing around £180 billion each year to their banks. There's a long way to go and I believe we have the best people on board to get us there.

Enquiries

Wise plc

Jane Fahey

Company Secretary

About Wise

Wise is a global technology company, building the best way to move and manage money around the world. With the Wise account people and businesses can hold over 50 currencies, move money between countries and spend money abroad. Large companies and banks use Wise technology too; an entirely new cross-border payments network that will one day power money without borders for everyone, everywhere. However you use the platform, Wise is on a mission to make your life easier and save you money.

Co-founded by Kristo Käärmann and Taavet Hinrikus, Wise launched in 2011 under its original name TransferWise. It is one of the world's fastest growing, profitable technology companies and is listed on the London Stock Exchange under the ticker, WISE.

16 million people and businesses use Wise globally, which processes around £9 billion in cross-border transactions every month, saving customers around £1.5 billion a year.