Utilize the input text as a context reference, choose the right relationship between Cash Converters and retail from the options. Options: product/material produced, manufacturer, distributed by, industry, position held, original broadcaster, owned by, founded by, distribution format, headquarters location, stock exchange, currency, parent organization, chief executive officer, director/manager, owner of, operator, member of, employer, chairperson, platform, subsidiary, legal form, publisher, developer, brand, business division, location of formation, creator.

The good news for Cash Converters shareholders was that Grimshaw had managed to persuade former Bankwest CEO of retail banking Mark Reid to become CEO of Cash Converters.

Answer: industry