Cornerstone FS plc announced that it has recruited Robert O’Brien as its new interim Chief Operating Officer.
Finance Magnates recently learned in a press release from the LSEG that Robert O’Brien, a senior executive with more than five years of experience in Fintech companies, has been chosen by Cornerstone FS plc, a cloud-based provider of currency risk management and international payments, to be its new interim Chief Operating Officer.
O’Brien plans to continue performing his other responsibilities and lead the Dubai office. As part of O'Brien's remuneration deal from his earlier position as General Manager, which was disclosed in the company announcement on 27 September 2021, he was entitled to share-based incentivisation based on a multiple of revenue generation and contribution to profit for more than two years after his appointment. Due to his additional responsibilities as interim COO, the two year period is being extended by the amount of time that he remains as Interim COO.
A Brief Glance at O’Brien’s Career
Prior to the announcement, O’Brien has performed as the General Manager of APAC and the Middle East since September 2021. He fulfilled all the requirements of the role, which was located in Dubai, UAE.
Earlier on, his first known form of employment began in August 2016 when he became a Co-Founder of Vorto Trading. Over the course of almost five years, he took on the responsibilities and successfully accomplished the role.
Remarking on the appointment, Julian Wheatland, the Chief Executive Officer of Cornerstone, stated: "As our business continues to expand, the establishment of the FXPress COO position will strengthen our operations and support our growth. We are delighted to appoint Robert as Interim COO of FXPress alongside his current role at Cornerstone. He has significant experience in the foreign exchange industry, much of which has been in leadership positions, and we look forward to leveraging his expertise across the business."
Previously, Cornerstone established the FXPress COO position to strengthen the operations of the company as it continues to flourish and grow. The Board has initiated its search for a permanent replacement for the COO role and will notify the market in the near future.
Related News
In recent news, Cornerstone FS has entered a conditional agreement for its acquisition of Capital Currencies Limited, a foreign exchange broker that specializes in the provision of currency exchange and international payments, for up to the sum of £3 Million. The company launched the platform in 2004, which is regulated by the FCA in the UK, as its payment institution.
