NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN PART) IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION
Zürich, 26 November 2019 – Recently listed FinTech platform company Achiko Ltd. (ACHI:SWX) is pleased to announce the formal appointment of Christopher Young, as its Chief Operating Officer, effective immediately. Christopher, who is based in Zurich, previously held the same role as an independent consultant.
Christopher is a delivery focused senior executive in financial services, investment banking and wealth management with over 35 years’ experience and a proven track record in building high performing teams and delivering large business critical programs and projects. He has managed the successful delivery of transformation projects for numerous leading financial institutions around the world.
In the COO role, Christopher will lead the group’s operations worldwide with a focus on delivery of the new Achiko App and Digital wallet and integration of Achiko’s platform with banking, payment and other financial services in key locations.
Christopher’s previous experience includes senior management and consulting positions for many leading financial organizations within Switzerland, Australia and the UK including HSBC, Credit Suisse, UBS, Coutts, Rothschild Bank, Macquarie Bank, Bank of America NT&SA and First National Bank of Chicago.
His qualifications include an Executive MBA from the Australian Graduate School of Management, a Certificate in Fintech from MIT, a Bachelor of Applied Science in Computer Science and a variety of industry certifications including Project Management Professional (PMP).
As part of his compensation package, Christopher will receive 3,000,000 stock options under the company’s stock option plan, vesting over a period of 2 years with 6 months cliff and 70c exercise price.
Kenneth Ting, CEO of Achiko Ltd., said: “We are extremely pleased to welcome Christopher to the growing Achiko team. His deep experience in financial services and banking, including payments, risk management and financial regulation, combined with his track record of delivery, helps to further strengthen Achiko’s ability to meet our goals of delivering the best possible services to our customers and significant returns for our shareholders.“
Achiko is the holding company of the Mimopay and Kryptonite businesses. The group has branch offices in Indonesia, Hong Kong, Singapore and South Korea.
Achiko has an experienced management team which has a track record building internationally recognised digital businesses and has also implemented them for companies like Disney, TimeWarner (now WarnerMedia), Samsung, Kakao, Leon Entertainment and many others. Achiko has significant shareholders such as MNC Group, the largest media company in Southeast Asia. Its shareholder base also includes MOX, China’s largest venture capital company focussing exclusively on the mobile sector and one of the three largest global VC companies in this field.
Further information can be found on www.achiko.co.
Germany and Austria
Axel Mühlhaus/ Dr. Sönke Knop
T: +49 69 90 55 05-51
Farner Consulting Ltd.
T: +41 44 266 67 67
This publication constitutes neither an offer to sell nor a solicitation to buy securities of the Company and it does not constitute a prospectus or a similar communication within the meaning of article 652a, 752 and/or 1156 of the Swiss Code of Obligations or a listing prospectus within the meaning of the listing rules of the SIX Swiss Exchange.
This communication is being distributed only to, and is directed only at (i) persons outside the United Kingdom, (ii) persons who have professional experience in matters relating to investments falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) high net worth entities, and other persons to whom it may otherwise lawfully be communicated, falling within Article 49(2) of the Order (all such persons together being referred to as “Relevant Persons”). Any investment or investment activity to which this communication relates is available only to Relevant Persons and will be engaged in only with Relevant Persons. Any person who is not a Relevant Person must not act or rely on this communication or any of its contents.
This communication does not constitute an “offer of securities to the public” within the meaning of Regulation 2017/1129 of the European Union (the “Prospectus Regulation”) of the securities referred to in it (the “Securities”) in any member state of the European Economic Area (the “EEA”). Any offers of the Securities to persons in the EEA will be made pursuant to an exemption under the Prospectus Regulation from the requirement to produce a prospectus for offers of the Securities.
The securities referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States or to US persons (as such term is defined in Regulation S under the Securities Act) unless the securities are registered under the Securities Act, or an exemption from the registration requirements of the Securities Act is available. The issuer of the securities has not registered, and does not intend to register, any portion of the securities in the United States, and does not intend to conduct a public offering of securities in the United States.