Finantix, the provider of digital enabling software for wealth management industry, has appointed Tim Wood as its new CFO.

The hiring is part of the company’s strategy to expand across the European, Asian and North American markets.

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In his new role, Tim will lead the financial operations of the company and report directly to the board.

He has more than 20 years of CFO and financial director experience driving growth in SME and software and technology businesses.

He is joining Finantix from Intelliflo, an HG Capital backed SaaS software company for the IFA industry, where served as CFO for five years.

Prior to that, he was financial director at the Venture Capital backed startup firm Higher Education Online.

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He also served as finance director for several other businesses including Clicksoftware Europe, a Nasdaq listed workforce management software company.

Wood is the latest in a series of senior appointments by Finantix to support and engineer its continued expansion across the European, Asian and North American markets.

Finantix co-founder Ralf Emmerich said: “As our new CFO, he will also be playing a vital role in further developing our key network of local and global partnerships which provide a vital component in our provision of innovative and integrated solutions to our worldwide clients.”

The company has been strengthening its management team following the strategic investment by the private equity firm Motive Partners in December last year.

Tim said: “I look forward to developing value-add finance teams, having diverse input into all areas of the business and helping to successfully negotiate complex contracts for this highly innovative company which is delivering transformative solutions to the wealth management industry.”