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Class announces appointment of new CEO

18 February 2019: Class, a leading provider of cloud SMSF administration software, has announced the appointment of Andrew Russell as Managing Director and Chief Executive Officer.

Andrew is an experienced senior executive with expertise in developing corporate strategy, sales leadership and market entry. In his current role as Executive General Manager, Financial Services at REA Group, in 2016 he developed the business case and launched REA’s new financial services business. By FY18, the new business had achieved revenue of $29m and EBITDA of $11m.

Prior to joining REA, Andrew was GM and Interim CEO of Mortgage Choice, where he led the successful launch of its wealth management and financial planning business. Prior to that, he was
appointed by the Virgin Group to lead the Australian market entry for Virgin Money.

Matthew Quinn, Chairman of Class, said: “We’re very pleased to welcome Andrew as our new CEO. He brings a wealth of knowledge and practical experience in financial services, technology and
product innovation. Andrew’s priorities on commencement will be to improve our market leadership in the SMSF administration sector and broaden our scope to become a leading SaaS platform
provider in the financial services space.”

Andrew Russell said: “I am excited to be joining Class and look forward to working with the board to create significant value for our shareholders. Class has a great foundation and I see enormous
potential to increase our market share and generate additional revenue from our core business, and to develop new income streams.”

Andrew will commence his new role at Class in early May 2019.

Andrew Russell photo available here.

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