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Wise Shakeup At The Top Sends Waves Through Stock Price

Friday, May 26 2023

News

Written by FinTech News Brief Staff

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Shares of the British fintech Wise dropped after the company announced CFO Matt Briers is leaving and CEO Kristo Kaarman would take an “extended Wise sabbatical” to spend time with his family. So reports CNBC.

The firm is planning an immediate, comprehensive search to replace Briers who will step down in March next year. Wise offers money transfer services and went public via a relatively rare direct listing in 2021.

Read the full article from CNBC.

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