Briefs: Harmoney builds its capital base, iSelect seeks approval for a second buy-back, new head of
New Zealand marketplace lender Harmoney Corp has sold NZ$8.8 million of shares to Stone Ridge Ventures, taking its working capital to NZ$30 million, Scoop Business reports. Harmoney claims to be the biggest peer-to-peer lender in New Zealand, facilitating more than NZ$100 million of loans in its first year and currently approaching NZ$200 million. It is planning a move into the Australian market later this year. Comparison site operator iSelect has called a general meeting of shareholders for March 16 to approve a buyback of shares. The company is looking to buy back 25.5 million fully paid ordinary shares on top of the shares it is buying back under a program started in December, which was designed to reduce the company's issued capital by ten per cent. The company has more than 255 million shares on issue. It is looking to return around A$50 million of capital to investors. Rabobank Australian and New Zealand Group has appointed Els Kamphof as its group executive wholesale banking. Kamphof ran Rabo's corporate lending business in the Netherlands for eight years before moving to Australia and has a special interest in agribusiness. CFA Societies Australia and New Zealand announced the membership of its Advocacy Council, which has been established to champion ethical behaviour and leadership in investment markets, set standards for market integrity and establish professional credentials. The council's members are: Paul Allen, a partner at Social Ventures Australia; Graeme Bibby, the chief investment officer of AIA Australia; Mark Delaney, deputy CEO at AustralianSuper; Gerhard Hambusch, a senior lecturer at UTS Business School; Catherine Savage, MD of Savage Group; Maria Wilton, MD of Franklin Templeton Investments; Claire Mortoni, a director of Wesfarmers; Dean Spicer, the head of global markets at ANZ; and Thomas Tam, equities manager at UniSuper. CFA Society president Anthony Serhan is the acting council chair.