Former CEO Ron Spector has been succeeded by Justin Greenstein, who was chief finance and operating officer.
Ron Spector has departed from his chief executive role at financial services firm Australia and New Zealand Banking Group (ANZ Bank)’s corporate venturing and startup incubation subsidiary, 1835i.
Justin Greenstein, chief finance and operating officer of 1835i, has taken the CEO role. The team has nearly 20 people, including principals Alex Guyer, David Le, David Rowe and Paul Hayat.
ANZ hired Spector in 2018 and tasked him with leading its innovation arm, ANZi – the 1835i predecessor that was comprised of CVC unit ANZi Ventures and incubator ANZi New Business Lab – as managing director.
ANZi’s portfolio included home loan provider Lendi and smart receipt generator Slyp, where Spector served as a board director. He helped found 1835i in 2021, when the unit spun out of the bank.
“It has been an amazing five-plus-years since I moved from San Francisco to Sydney to join ANZ in 2018 to help establish its corporate venture and innovation function,” Spector said on LinkedIn.
“I am extremely proud of the work we have done and of the extraordinary people within ANZ, 1835i and the portfolio companies I have had the honour and pleasure of working with.”
Before moving to ANZ, Spector co-founded innovation consulting firm Circini Innovation in 2007 and held managing director and partner roles for more than a decade. He advised corporate venturing and open innovation groups. ANZ Bank was among its clients.
