LONDON, April 04, 2018 (GLOBE NEWSWIRE) -- Midpoint Holdings Ltd. (TSXV:MPT) (“Midpoint” or the “Company”) is pleased to announce that John D’Agostino has joined the Board of Directors replacing Ron Geffner who has decided to resign from the Board with immediate effect. Mr Geffner remains a paid advisor to the firm. The Company would like to thank Mr Geffner for his service and welcomes his continued participation with the firm.
Mr D'Agostino is an American business executive and entrepreneur. He serves on the board of numerous institutional and hedge funds providing independent oversight. He was previously a managing director at Alkeon Capital Management, a multibillion-dollar registered investment adviser.
John received his MBA from Harvard Business School, and he also studied Politics, Philosophy and Economics at Oxford University. He has lectured at INSEAD University and guests lectures at MIT Sloan Business School and develops research notes with the MIT Media Lab around next generation, technology enabled trading strategies. John has been featured in two New York Times bestselling business titles, multiple periodicals and participated in numerous industry speaking engagements. John leads an asset management working group on Brexit at request of the UK Consul General in New York.
John began his career as Vice President and Head of Strategy with the New York Mercantile Exchange, where he helped transition the floor to electronic trading and was part of the leadership team building out the core systems to accommodate co-location, quant and HFT volumes. He also led the effort to develop the first Middle East energy derivatives exchange in partnership with the Dubai Government.
David Wong, Chief Executive Officer at Midpoint commented: “The changes announced today reflect a thoughtful and deliberate process by the Board that was informed by the company’s engagement with shareholders and other stakeholders. We are honoured to have someone of John D’Agostino’s calibre join the Board of Midpoint. John is an outstanding individual that will help strengthen our board’s breadth of talent and depth of knowledge. John brings a wealth of global and financial experience and I am confident that he will make many important contributions to Midpoint.”
Mr D’Agostino said, “I have come to know and admire David Wong and the management team at Midpoint. I am confident they have the vision to ability to execute on Midpoint’s long-term success and I look forward to contributing in any way I can.”
About Midpoint
Headquartered in London, Midpoint is an FCA authorized payments institution with the world’s first authentic peer-to-peer (‘P2P’) foreign exchange marketplace. SMEs, overseas professionals, property owners, foreign students, individuals and anyone involved in international payments, use Midpoint’s US patent protected platform for transparent, multi-party, multi-currency services.
Midpoint is currently handling transactions in 23 currencies with the ability to collect and transfer across 72 countries. This highly secure platform provides customers with the most cost-effective FX at the midpoint of the interbank buy/sell rate therefore removing the spread as well as hidden costs and fees.
Midpoint Holdings Limited is listed on the TSX Venture Exchange and cross-listed on the Frankfurt Stock Exchange.
For further information, please contact:
| Corbin Comishin, Chief Financial Officer Midpoint Holdings Ltd. Tel: (250) 352-7667 | David Wong 26 Finsbury Square EC2A 1DS London, United Kingdom Tel: +44 20 7448 3080 |
Neither the TSX Venture Exchange (the “TSXV”) nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release and has neither approved nor disapproved of the contents of this news release.
Forward-looking information
This news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “would”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing Midpoint and its business and affairs, readers should refer to Midpoint’s Management’s Discussion and Analysis. Midpoint undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.
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