Justin Nyweide

Justin Nyweide has been appointed to the nCino Board of Directors and will serve on the board's audit committee, according to a news release.

He has more than two decades of experience investing in and partnering with growth companies globally in the technology, software, internet and financial services industries, the release stated. Nyweide is a founding partner and the chief investment officer of HMI Capital, an investment firm based in San Francisco.

According to the release, HMI Capital is a large shareholder of nCino, a Wilmington-headquartered banking software firm, and has a longstanding relationship with the company and its management.

Nyweide stated in the release, "nCino is a best-in-class vertical market software company that is a clear leader in serving the needs of its financial services customers. The opportunities for nCino are real and significant, and I'm excited to partner with the Board and management to drive durable and profitable growth."

Pierre Naudé, executive chairman of nCino's board, and Sean Desmond, CEO of nCino, in a joint statement said, “His extensive expertise in investment and capital markets will enhance the Board’s capabilities and play an important role in advancing nCino’s growth objectives.”

In conjunction with Nyweide's appointment, nCino has entered into a cooperation agreement with HMI Capital Management. HMI Capital has agreed to customary standstill, voting and other provisions. The agreement will be included as an exhibit to nCino’s current report on Form 8-K, which will be filed with the U.S. Securities and Exchange Commission and available on the investor relations section of the company's website. Through this appointment, nCino’s board will have 10 directors.