Commonwealth Bank executive Angela Clark has been appointed CEO of Beem It, a digital wallet jointly owned by NAB, Westpac and CBA.
Clark was part of an executive team made up of staff CBA, Westpac and NAB that spearheaded the founding of the payments business which was establish in February. The Beem It app, launched in May 2018, allows Australians to instantly send, request or split payments to anyone and any bank.
In 2017, Clark joined the CommBank to lead the small business segment for the retail bank as an executive general manager.
Prior to joining CommBank, Clark led the digital division of the ABC where she was responsible for its digital strategy and delivery of its digital customer experience. She began her career as an investment analyst before joining global outdoor advertising leader JCDecaux as managing director of the Australian division, and later heading up Macquarie Radio as CEO, where she led the business to IPO.
Clark has also founded a number of her own digital media startups.
Beem It Chair, Kim Anderson, described Clark as an exceptional leader with a rare combination of skills and experience across traditional banking, startups and innovation.
“Angela is a seasoned executive with extensive experience in large multi-layered organisations together with smaller innovative startups,” Anderson said.
“She brings a deep understanding of the customer experience and the ability to innovate in an agile and fast-moving environment. We are delighted to have her lead this initiative and look forward to building an innovative and inclusive platform that delivers value across the Australian payments landscape.”
Clark said she is excited to join Beem It as CEO at this early stage of its journey.
“I believe that the best innovation and technology helps us be more human, not less so. Beem It has a customer-first vision for making everyday payments moments an enjoyable and seamless experience. This lets our users focus on the experience itself, rather than the payment,” she said.