Key hire amid reverse takeover negotiations aimed to get ayondo listed on SGX.
...Rick will play a crucial role in the planned listing of ayondo in Singapore
Zurich-based Investment firm ayondo Holding AG, with regulated entities in London and the Frankfurt-based social trading provider ayondo GmbH, today announced the appointment of Rick Fulton to the role of Chief Financial Officer (CFO). He will join the company's executive committee as the firm aims to be listed in Singapore.
Mr. Fulton joins ayondo as CFO after leaving his role at Daiwa Securities where he was managing director and regional CFO for Asia and Oceania, as per the announcement. According to a LinkedIn profile, Mr. Fulton was with Daiwa Capital Markets Hong Kong from April 2010 through March 2016, nearly six years. Mr. Fulton brings over twenty years experience in the securities industry and previously held senior positions at Royal Bank of Scotland, Deutsche Bank, and AMN AMBRO.
RTO target: Starland Holdings Limited
Last month the group revealed that it was in advanced negotiations for a reverse takeover (RTO) transaction with a company listed on the Singapore Exchange (SGX), which could result in it becoming publicly traded in Singapore. ayondo is valued at $155m, as per related coverage by Finance Magnates. The company set up an office in Singapore several years ago under the name ayondo Asia PTE Ltd.
According to regulatory filings with the SGX, property developer and real estate investment firm Starland Holdings Limited, under ticker STHL, entered into a memorandum of understanding (MoU) with ayondo on April 13th regarding a proposed acquisition, which was the same day that ayondo announced the RTO.
Reverse Takeover eyes SGX
The company describes itself as a fintech firm and pioneer in social trading, according to the announcement, and ayondo GmbH – which represents the core holding of the group - offers its social trading services as a tied agent of DonauCapital Wertpapier AG.
Meanwhile, the Execution of the trades and brokerage side of the business is handled by ayondo's FCA-regulated entity Ayondo Markets Limited in London.
According to sources, the company focuses on its B2C business in regions such as Europe, while in Asia its B2B efforts are utilized to partner with regulated entities such as in Singapore. It can then offer out social trading services from ayondo to its end clients.
"I am very pleased that Rick is joining the Executive Committee of ayondo. With his extensive experience as a financial services industry CFO, especially in the Asian region, Rick will play a crucial role in the planned listing of ayondo in Singapore," said Robert Lempka, CEO of ayondo Holding AG, commenting in the company’s statement regarding the hire.
...Rick will play a crucial role in the planned listing of ayondo in Singapore
Zurich-based Investment firm ayondo Holding AG, with regulated entities in London and the Frankfurt-based social trading provider ayondo GmbH, today announced the appointment of Rick Fulton to the role of Chief Financial Officer (CFO). He will join the company's executive committee as the firm aims to be listed in Singapore.
Mr. Fulton joins ayondo as CFO after leaving his role at Daiwa Securities where he was managing director and regional CFO for Asia and Oceania, as per the announcement. According to a LinkedIn profile, Mr. Fulton was with Daiwa Capital Markets Hong Kong from April 2010 through March 2016, nearly six years. Mr. Fulton brings over twenty years experience in the securities industry and previously held senior positions at Royal Bank of Scotland, Deutsche Bank, and AMN AMBRO.
RTO target: Starland Holdings Limited
Last month the group revealed that it was in advanced negotiations for a reverse takeover (RTO) transaction with a company listed on the Singapore Exchange (SGX), which could result in it becoming publicly traded in Singapore. ayondo is valued at $155m, as per related coverage by Finance Magnates. The company set up an office in Singapore several years ago under the name ayondo Asia PTE Ltd.
According to regulatory filings with the SGX, property developer and real estate investment firm Starland Holdings Limited, under ticker STHL, entered into a memorandum of understanding (MoU) with ayondo on April 13th regarding a proposed acquisition, which was the same day that ayondo announced the RTO.
Reverse Takeover eyes SGX
The company describes itself as a fintech firm and pioneer in social trading, according to the announcement, and ayondo GmbH – which represents the core holding of the group - offers its social trading services as a tied agent of DonauCapital Wertpapier AG.
Meanwhile, the Execution of the trades and brokerage side of the business is handled by ayondo's FCA-regulated entity Ayondo Markets Limited in London.
According to sources, the company focuses on its B2C business in regions such as Europe, while in Asia its B2B efforts are utilized to partner with regulated entities such as in Singapore. It can then offer out social trading services from ayondo to its end clients.
"I am very pleased that Rick is joining the Executive Committee of ayondo. With his extensive experience as a financial services industry CFO, especially in the Asian region, Rick will play a crucial role in the planned listing of ayondo in Singapore," said Robert Lempka, CEO of ayondo Holding AG, commenting in the company’s statement regarding the hire.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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