Melbourne-based technology group Cloudtech has today announced the appointment of two new senior hires. Cloudtech Group has gone from strength to strength, with the recent launch of CobWeb Pay, a payments app and digital wallet built on blockchain rails.
In addition, the company has also announced the formation of a further two subsidiaries, UB, (Ub.com?) which will launch an AUD stablecoin in early 2024, and Consensus VC, which will invest in early and mid stage tech companies, providing vital funding for the Australian tech industry.
Mr. Robert Waugh, will take the role of CEO of UB, Cloudtech Group’s new Stablecoin product. Mr. Waugh will also act as day to day CTO of the group.
Mr. Waugh joins Cloudtech Group from NAB, where he headed up Global Funds and Insurance before leading the Stablecoin project and Wealth and Retirement products.
With over 20 years’ experience in the banking industry, Rob has worked for ABN AMRO and Standard Chartered. Mr. Waugh also sits on the board of Snug.com and is the Chairman of Radian Energy.
The second appointment, Ms. Yeok Lee will step into the role as Chief Compliance Officer. Ms. Lee has more than 25 years of work experience as a Risk and Compliance professional.
She joins Cloudtech after a stint with ANZ Bank as Senior Manager, Risk and Compliance. Prior to that, Ms. Lee worked with Accenture, NAB and KPMG Risk Advisory where she has worked extensively across the financial services sector in the Australia and Asia Pacific region.
Speaking on the appointments, Ms. Mandy Jiang, CFO of Cloudtech Group and Head of Financial Services, said “As Cloudtech Group continues to go from strength to strength, it is an indicator of our commitment to providing world class financial services to our clients and partners. These appointments are a clear indication of that commitment.”
Mr. Robert Waugh said. “An open secret of the banking industry is they have not been the best at deploying new technologies, particularly when they need to integrate into tired legacy systems,”
“Clarity around regulation has made the digital asset space a much more appealing prospect to banks, the question is how they innovate within the walls of a traditional organisation,”
“I for one voted with my feet; I look forward to making UB.com Australia’s largest and most successful stablecoin. Cloudtech has the resources, licences and experience to execute on this mission.”
Mrs. Lee commented, saying “As regulation further solidifies in the digital asset sector, it is critically important that businesses working in that space do everything they can to rebuild consumer trust post the collapses of 2022 and 2023,”
“At Cloudtech, we have a culture of ethics and compliance which is at the core of everything we do. My role is to be a trusted advisor to the businesses, to cultivate a strong culture of compliance so we focus on what matters most and to build organisation trust with customers and stakeholders.”
In May, Cloudtech Group has brought on Liam Bussell as chief marketing officer, and Clydie Matruglio, head of design.
Together, with over 25 years of combined experience, Liam and Clydie are seeking to bolster the appetite for crypto and blockchain, while simultaneously expanding Cloudtech’s reach and growth in Asia Pacific.
Cloudtech Group was formed by financial and technology veterans in Australia in 2021, and is headquartered in Melbourne, with operations in Malaysia, Dubai and Europe with a Korean office opening in early 2024.
